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

Yıl 2023, Cilt: 10 Sayı: 1, 175 - 188, 02.01.2023

Öz

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.

Kaynakça

  • Álvarez, C., Amorós, J.E ve Urbano, D. (2014). Regulations and entrepreneurship: Evidence from developed and developing countries. Innovar: Revista de Ciencias Administrativas y Sociales, 24(1Spe), 81-89. https://doi.org/10.15446/innovar.v24n1spe.47548
  • Baumol, W. (1990). Entrepreneurship: productive, unproductive and destructive. Journal of Political Economy, 98, 893-921. https://doi.org/10.1086/261712
  • Breusch, T. S. Ve Pagan, A.R. (1980). The lagrange multiplier test and its applications to model specification tests in econometrics. Review of Economic Studies, 47(1), 239–53. https://doi.org/10.2307/2297111.
  • BRICS India (2021). Evolution of BRICS, https://brics2021.gov.in/about-brics (Erişim tarihi: 08.05.2022)
  • Capelleras, J. L., Mole, K. F., Greene, F. J. ve Storey, D. J. (2008). Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain. Journal of International Business Studies, 40(1), 688-704. https://doi.org/10.1057/palgrave.jibs.8400340
  • Chambers, D. ve Munemo, J. (2017). The impact of regulations and institutional quality on entrepreneurship. Mercatus Working Paper, Mercatus Center at George Mason University, Arlington, VA, 2017
  • Emirmahmutoglu, F. ve Kose, N. (2011). Testing for Granger causality in heterogeneous mixed panels. Economic Modelling, 28, 870-876. https://doi.org/10.1016/j.econmod.2010.10.018
  • Eurostat (2012). Entrepreneurship determinants: culture and capabilities, https://ec.europa.eu/eurostat/documents/3217494/5748437/KS-31-12-758-EN.PDF (Erişim tarihi: 20.04.2022)
  • Fraser Enstitü (2022). Economic Freedom, https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2020&page=dataset&min-year=2&max-year=0&filter=0 (Erişim tarihi: 10.05.2022)
  • Halil, D.K. (2015). The impact of different types of Regulations on entrepreneurial activity and owner composition. JWE, No. 1-2, 27-49.
  • Klapper, L., Laeven, L. ve Rajan, R. (2020). Entry regulation as a barrier to entrepreneurship. NBER Working Paper Series, No.10380, http://www.nber.org/papers/w10380
  • Küresel Girişimcilik Monitörü (2022a). Global entrepreneurship monitor releases ranking of countries for conditions to start a business, https://www.gemconsortium.org/news/global-entrepreneurship-monitor-releases-ranking-of-countries-for-conditions-to-start-a-business (Erişim tarihi: 10.05.2022)
  • Küresel Girişimcilik Monitörü (2022b). Entrepreneurial Behavior and Attitudes, https://www.gemconsortium.org/data (Erişim tarihi: 10.05.2022)
  • Nidhi, N. ve Kumari, K. (2018). Personality traits as determinants of entrepreneur intention: A study on college students. International Journal for Research in Engineering Application & Management, 4(5), 34-39. https://doi.org/10.18231/2454-9150.2018.0582
  • OECD (2015). Entrepreneurship at a glance 2015, https://www.oecd-ilibrary.org/docserver/entrepreneur_aag-2015-31-en.pdf?expires=1667156198&id=id&accname=guest&checksum=7C7DFA86966E98EC116B46C1C55E410E (Erişim tarihi: 20.04.2022)
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. CESifo Working Paper Series, 1229.
  • Pesaran, M.H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22, 265-312.
  • Pesaran, M. H., Ullah, A. ve Yamagata, T. (2008). A bias-adjusted LM test of error cross-section independence. Econometrics Journal, 11(1), 105-127.
  • Pesaran, M. H. ve Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Pigou, A. (1932). The economics of eelfare (4th ed.). London: Macmillan
  • Polo-Otero, J.L., Ruiz, J.L.R., del Toro, P.R., Albor, G.J.R. ve Moreno-Cuello, J.L. Are the business regulations creating new entrepreneurship? Contaduría y Administración, 65(2), 1-21. https://doi.org/10.22201/fca.24488410e.2020.1578
  • Stel, A. ve Stunnenberg, V. (2006). Linking business ownership and perceived administrative complexity: An empirical analysis of 18 OECD countries. Journal of Small Business and Enterprise Development, 13(1), 7-22. https://doi.org/10.1108/14626000610645270
  • Toda, H. Y. ve Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1-2), 225-250. https://doi.org/10.1016/0304-4076(94)01616-8
  • Usman, M.F. ve Zuru, N.L. (2019). The determinants of entrepreneurship activities: A literature review. International Journal of Novel Research in Marketing Management and Economics, 6(3), 45-51.
  • van Praag, M., Praag, C.M. ve Versloot, P.H. (2007). What Is the value of entrepreneurship? A review of recent research. Small Business Economics, 29(4),351-382. https://doi.org/10.1007/s11187-007-9074-x
  • van Stel, A., Storey, D.J. ve Thurik, A.R. The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics, 28, 171–186. https://doi.org/10.1007/s11187-006-9014-1
  • Zmami, M. ve Ben Salha, O. (2021). On the determinants of entrepreneurship in middle east and north Africa. IJCSNS International Journal of Computer Science and Network Security, 21(2), 181-187.

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

Yıl 2023, Cilt: 10 Sayı: 1, 175 - 188, 02.01.2023

Öz

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.

Kaynakça

  • Álvarez, C., Amorós, J.E ve Urbano, D. (2014). Regulations and entrepreneurship: Evidence from developed and developing countries. Innovar: Revista de Ciencias Administrativas y Sociales, 24(1Spe), 81-89. https://doi.org/10.15446/innovar.v24n1spe.47548
  • Baumol, W. (1990). Entrepreneurship: productive, unproductive and destructive. Journal of Political Economy, 98, 893-921. https://doi.org/10.1086/261712
  • Breusch, T. S. Ve Pagan, A.R. (1980). The lagrange multiplier test and its applications to model specification tests in econometrics. Review of Economic Studies, 47(1), 239–53. https://doi.org/10.2307/2297111.
  • BRICS India (2021). Evolution of BRICS, https://brics2021.gov.in/about-brics (Erişim tarihi: 08.05.2022)
  • Capelleras, J. L., Mole, K. F., Greene, F. J. ve Storey, D. J. (2008). Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain. Journal of International Business Studies, 40(1), 688-704. https://doi.org/10.1057/palgrave.jibs.8400340
  • Chambers, D. ve Munemo, J. (2017). The impact of regulations and institutional quality on entrepreneurship. Mercatus Working Paper, Mercatus Center at George Mason University, Arlington, VA, 2017
  • Emirmahmutoglu, F. ve Kose, N. (2011). Testing for Granger causality in heterogeneous mixed panels. Economic Modelling, 28, 870-876. https://doi.org/10.1016/j.econmod.2010.10.018
  • Eurostat (2012). Entrepreneurship determinants: culture and capabilities, https://ec.europa.eu/eurostat/documents/3217494/5748437/KS-31-12-758-EN.PDF (Erişim tarihi: 20.04.2022)
  • Fraser Enstitü (2022). Economic Freedom, https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2020&page=dataset&min-year=2&max-year=0&filter=0 (Erişim tarihi: 10.05.2022)
  • Halil, D.K. (2015). The impact of different types of Regulations on entrepreneurial activity and owner composition. JWE, No. 1-2, 27-49.
  • Klapper, L., Laeven, L. ve Rajan, R. (2020). Entry regulation as a barrier to entrepreneurship. NBER Working Paper Series, No.10380, http://www.nber.org/papers/w10380
  • Küresel Girişimcilik Monitörü (2022a). Global entrepreneurship monitor releases ranking of countries for conditions to start a business, https://www.gemconsortium.org/news/global-entrepreneurship-monitor-releases-ranking-of-countries-for-conditions-to-start-a-business (Erişim tarihi: 10.05.2022)
  • Küresel Girişimcilik Monitörü (2022b). Entrepreneurial Behavior and Attitudes, https://www.gemconsortium.org/data (Erişim tarihi: 10.05.2022)
  • Nidhi, N. ve Kumari, K. (2018). Personality traits as determinants of entrepreneur intention: A study on college students. International Journal for Research in Engineering Application & Management, 4(5), 34-39. https://doi.org/10.18231/2454-9150.2018.0582
  • OECD (2015). Entrepreneurship at a glance 2015, https://www.oecd-ilibrary.org/docserver/entrepreneur_aag-2015-31-en.pdf?expires=1667156198&id=id&accname=guest&checksum=7C7DFA86966E98EC116B46C1C55E410E (Erişim tarihi: 20.04.2022)
  • Pesaran, M. H. (2004). General diagnostic tests for cross section dependence in panels. CESifo Working Paper Series, 1229.
  • Pesaran, M.H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22, 265-312.
  • Pesaran, M. H., Ullah, A. ve Yamagata, T. (2008). A bias-adjusted LM test of error cross-section independence. Econometrics Journal, 11(1), 105-127.
  • Pesaran, M. H. ve Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50-93.
  • Pigou, A. (1932). The economics of eelfare (4th ed.). London: Macmillan
  • Polo-Otero, J.L., Ruiz, J.L.R., del Toro, P.R., Albor, G.J.R. ve Moreno-Cuello, J.L. Are the business regulations creating new entrepreneurship? Contaduría y Administración, 65(2), 1-21. https://doi.org/10.22201/fca.24488410e.2020.1578
  • Stel, A. ve Stunnenberg, V. (2006). Linking business ownership and perceived administrative complexity: An empirical analysis of 18 OECD countries. Journal of Small Business and Enterprise Development, 13(1), 7-22. https://doi.org/10.1108/14626000610645270
  • Toda, H. Y. ve Yamamoto, T. (1995). Statistical inference in vector autoregressions with possibly integrated processes. Journal of Econometrics, 66(1-2), 225-250. https://doi.org/10.1016/0304-4076(94)01616-8
  • Usman, M.F. ve Zuru, N.L. (2019). The determinants of entrepreneurship activities: A literature review. International Journal of Novel Research in Marketing Management and Economics, 6(3), 45-51.
  • van Praag, M., Praag, C.M. ve Versloot, P.H. (2007). What Is the value of entrepreneurship? A review of recent research. Small Business Economics, 29(4),351-382. https://doi.org/10.1007/s11187-007-9074-x
  • van Stel, A., Storey, D.J. ve Thurik, A.R. The effect of business regulations on nascent and young business entrepreneurship. Small Business Economics, 28, 171–186. https://doi.org/10.1007/s11187-006-9014-1
  • Zmami, M. ve Ben Salha, O. (2021). On the determinants of entrepreneurship in middle east and north Africa. IJCSNS International Journal of Computer Science and Network Security, 21(2), 181-187.
Toplam 27 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular İşletme
Bölüm Makaleler
Yazarlar

Lina Karabetyan 0000-0001-5250-871X

Yayımlanma Tarihi 2 Ocak 2023
Gönderilme Tarihi 30 Ekim 2022
Yayımlandığı Sayı Yıl 2023 Cilt: 10 Sayı: 1

Kaynak Göster

APA Karabetyan, L. (2023). İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi. Optimum Ekonomi Ve Yönetim Bilimleri Dergisi, 10(1), 175-188.
AMA Karabetyan L. İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi. OEYBD. Ocak 2023;10(1):175-188.
Chicago Karabetyan, Lina. “İşletmelere Yönelik Düzenlemeler Ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi”. Optimum Ekonomi Ve Yönetim Bilimleri Dergisi 10, sy. 1 (Ocak 2023): 175-88.
EndNote Karabetyan L (01 Ocak 2023) İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi. Optimum Ekonomi ve Yönetim Bilimleri Dergisi 10 1 175–188.
IEEE L. Karabetyan, “İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi”, OEYBD, c. 10, sy. 1, ss. 175–188, 2023.
ISNAD Karabetyan, Lina. “İşletmelere Yönelik Düzenlemeler Ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi”. Optimum Ekonomi ve Yönetim Bilimleri Dergisi 10/1 (Ocak 2023), 175-188.
JAMA Karabetyan L. İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi. OEYBD. 2023;10:175–188.
MLA Karabetyan, Lina. “İşletmelere Yönelik Düzenlemeler Ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi”. Optimum Ekonomi Ve Yönetim Bilimleri Dergisi, c. 10, sy. 1, 2023, ss. 175-88.
Vancouver Karabetyan L. İşletmelere Yönelik Düzenlemeler ve Girişimcilik Faaliyeti: BRICS Ekonomileri için Bir Nedensellik Analizi. OEYBD. 2023;10(1):175-88.

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