Institutions and entrepreneurial activity: a comparative analysis of Kosovo and other economies

Fadil Sahiti
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引用次数: 3

Abstract

Purpose - This paper investigates institutional quality and its impact on entrepreneurship activities in a less-developed economy. The unifying characteristic of government policies in less-developed contexts is that, often, the primary focus of policy makers is not entrepreneurs and, especially, not the impact of these intuitions on entrepreneurs. This paper aims to show that this impact can be considerable. The author investigates political and macroeconomic institutions and regulations, human capital and skills development and access to finance. Design/methodology/approach - This paper investigates institutions that have major impact on entrepreneurship activities in a less-developed economy. The data used for the analysis is focused on Kosovan entrepreneurship, but the findings are presented in the wider context of economies. The aim of the investigation in this study is to identify whether certain regulations and institutions in different countries affect the level of entrepreneurship activity. In addition, the purpose is to identify similarities and differences among entrepreneurship patterns in diverse economic and institutional settings and to capture this diversity within a common framework. Most of institutions that are subject of analysis belong to one of the following dimensions: political, legal and regulatory institutions, educational institutions geared towards entrepreneurship and the quality of the financial system (e.g. cost of and access to finance). What the empirical results in this paper show is that the impact of such institutions on entrepreneurship can be considerable. The more conducive and qualitative the country’s institutional conditions are, the higher the likely levels of entrepreneurship and vice versa. Findings - The results of the investigation suggest that compared to the reference countries, entrepreneurship in Kosovo is subject to numerous constraints. However, they suggest, also, that the most binding of these are related to institutional quality, followed by the cost of finance and human capital limitations. Originality/value - There are few studies in the entrepreneurship literature that use data at the country level, a level that provides a considerable level of precision on the quest to understand what propels and constraints entrepreneurial activity. Given the scarcity of studies at the country level, this study aims to contribute in three ways. First, it aims to advance our discussion of how institutions can rightfully support business creation and retention in a less-developed economy. Second contribution is empirical. Entrepreneurship research rarely incorporates the analysis of several cohorts of firm entrants and exits from a developing and relatively young economy, which, so far, has received little research attention. Third, this analysis contributes to the development of a comparative methodology to measure entrepreneurship activities from an international perspective. The findings obtained for a less-developed economy are compared to data for four benchmark countries, to measure entrepreneurship at the national level.
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制度与企业活动:科索沃与其他经济体的比较分析
目的——本文调查了欠发达经济体的制度质量及其对创业活动的影响。在欠发达的背景下,政府政策的统一特征是,决策者的主要关注点往往不是企业家,尤其是这些直觉对企业家的影响。本文旨在表明这种影响是相当大的。作者调查了政治和宏观经济体制和条例、人力资本和技能发展以及获得资金的途径。设计/方法/方法-本文调查了对欠发达经济体创业活动有重大影响的机构。用于分析的数据侧重于科索沃创业,但研究结果是在更广泛的经济背景下提出的。本研究调查的目的是确定不同国家的某些法规和制度是否会影响创业活动的水平。此外,目的是确定不同经济和体制环境中创业模式的异同,并在一个共同的框架内捕捉这种多样性。受分析的大多数机构属于以下方面之一:政治、法律和监管机构,面向创业和金融系统质量的教育机构(如融资成本和融资渠道)。本文的实证结果表明,这类机构对创业的影响可能相当大。国家的制度条件越有利、质量越高,创业水平就越高,反之亦然。调查结果-调查结果表明,与参考国家相比,科索沃的创业受到许多限制。然而,他们也认为,其中最具约束力的与制度质量有关,其次是财务成本和人力资本限制。独创性/价值-创业文献中很少有研究使用国家层面的数据,这一层面在理解是什么推动和限制创业活动方面提供了相当高的准确性。鉴于国家一级研究的稀缺性,本研究旨在从三个方面做出贡献。首先,它旨在推进我们对机构如何在欠发达经济体中正确支持企业创建和保留的讨论。第二个贡献是实证的。创业研究很少结合对几个企业进入和退出发展中且相对年轻的经济体的群体的分析,到目前为止,这一经济体很少受到研究关注。第三,这一分析有助于开发一种从国际角度衡量创业活动的比较方法。将欠发达经济体的调查结果与四个基准国家的数据进行比较,以衡量国家层面的创业精神。
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来源期刊
CiteScore
3.70
自引率
15.80%
发文量
22
期刊介绍: Institutions – especially public policies – are a significant determinant of economic outcomes; entrepreneurship and enterprise development are often the channel by which public policies affect economic outcomes, and by which outcomes feed back to the policy process. The Journal of Entrepreneurship & Public Policy (JEPP) was created to encourage and disseminate quality research about these vital relationships. The ultimate aim is to improve the quality of the political discourse about entrepreneurship and development policies. JEPP publishes two issues per year and welcomes: Empirically oriented academic papers and accepts a wide variety of empirical evidence. Generally, the journal considers any analysis based on real-world circumstances and conditions that can change behaviour, legislation, or outcomes, Conceptual or theoretical papers that indicate a direction for future research, or otherwise advance the field of study, A limited number of carefully and accurately executed replication studies, Book reviews. In general, JEPP seeks high-quality articles that say something interesting about the relationships among public policy and entrepreneurship, entrepreneurship and economic development, or all three areas. Scope/Coverage: Entrepreneurship, Public policy, Public policies and behaviour of economic agents, Interjurisdictional differentials and their effects, Law and entrepreneurship, New firms; startups, Microeconomic analyses of economic development, Development planning and policy, Innovation and invention: processes and incentives, Regional economic activity: growth, development, and changes, Regional development policy.
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