Business Regulations and Entrepreneurial Activity: A Causality Analysis for BRICS Economies

Year 2023, Volume: 10 Issue: 1, 175 - 188, 02.01.2023

Lina Karabetyan

Abstract

Entrepreneurial activity is an important source firm growth, economic growth and development. This study investigates the interaction among business regulation, administrative requirements, start-up regulations, and entrepreneurial activity in BRICS economies over the 2002-2019 period through causality analysis. Panel level causality unveils a unidirectional causality from business regulations and administrative requirements to the entrepreneurial activity. However, a significant causality between start-up regulations and entrepreneurial activity is not determined. Furthermore, causal interaction among business regulations, administrative requirements, start-up regulations, and entrepreneurial activity differs among the countries.

Keywords

Business Regulations, Administrative Requirements, Start-up Regulations, Entrepreneurial Activity, Causality Analysis

İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi

Abstract

Girişimcilik faaliyeti, firmaların büyümesi, ekonomik büyüme ve kalkınmanın önemli bir kaynağıdır. Bu çalışmada nedensellik analizi kullanılarak BRICS ekonomilerinde 2002-2019 döneminde işletmelere yönelik düzenlemeler, idari gereksinimler, iş kurma düzenlemeleri ile girişimcilik faaliyeti arasındaki etkileşim incelenmiştir. Panel düzeyinde nedensellik analizi işletmelere yönelik düzenlemeler ile idari gereksinimlerden girişimcilik faaliyetine doğru tek yönlü nedensellik belirlenmiştir. Bununla birlikte, iş kurma düzenlemeleri ile girişimcilik faaliyeti arasında anlamlı bir nedensellik ilişkisi tespit edilmemiştir. Ayrıca işletmelere yönelik düzenlemeler, idari gereksinimler, iş kurma düzenlemeleri ile girişimcilik faaliyeti arasındaki nedensellik etkileşimi ülkeler arasında farklılık göstermektedir.

Keywords

İşletmelere Yönelik Düzenlemeler, İdari Gereksinimler, İş Kurma Düzenlemeleri, Girişimcilik Faaliyeti, Nedensellik Analizi

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