The effect of business regulations on nascent and young business entrepreneurship

In this paper we examine the relationship, across 39 countries, between regulation and entrepreneurship using a new two-equation model. We find the minimum capital requirement required to start a business lowers entrepreneurship rates across countries, as do labour market regulations. However the administrative considerations of starting a business�- such as the time, the cost, or the number of procedures required�- are unrelated to the formation rate of either nascent or young businesses. Given the explicit link made by Djankov et al. (2002) between the speed and ease with which businesses may be established in a country and its economic performance�- �and the enthusiasm with which this link has been grasped by European Union policy makers�- our findings imply this link needs reconsidering.

An eclectic theory of entrepreneurship: policies, institutions and culture

Analyse van de factoren (bijv. economische en sociale) die het niveau van ondernemerschap bepalen. Het niveau van ondernemerschap kan verklaard worden door onderscheid te maken in aanbodzijde (arbeidsmarkt) en vraagzijde (productmarkt) en de invloed van overheidsmaatregelen op ondernemerschap. Het ontwikkelde model kan gebruikt worden om de verschillen in ondernemerschap in tijd en plaats te verklaren.

Possible ways for improving the competitiveness of SMEs. A Central-European approach.

An SME is able to cope with the global challenge if it runs reliable, balanced and high-standard operation in its business. There are different possible management methods for increasing the competitiveness of SMEs. In the last few years competitiveness of SMEs isalso analyzed on state level. It is very important to create a good business environment for this group of firms. In the time of crisis the outstanding role of SMEs in GDP creation is emphasized all over Europe and overseas.A network of researchers was found five years ago for the better understanding of SMEs problems and for carrying out research in this field.This network .evaluated the current situation and made a declaration recently for the future Hungarian government.globalisation, competitiveness factors, family business speciality.SMEs, Small Business Act, networking, research, SME policy

Compliance advisory service feasibility study

This report identifies areas or methods of regulatory compliance information and advice to SMEs in the region that are inadequate or deficient. It recommends additional services that will benefit SMEs in the region taking into account the business support simplification agenda, state aid, legal liability, environmental and equality issues

The Effect of Business Regulations on Nascent and Young Business Entrepreneurship

We examine the relationship, across 39 countries, between regulation and entrepreneurship using a new two-equation model. We find the minimum capital requirement required to start a business lowers entrepreneurship rates across countries, as do labour market regulations. However the administrative considerations of starting a business – such as the time, the cost, or the number of procedures required – are unrelated to the formation rate of either nascent or young businesses. Given the explicit link made by Djankov et al. (2002) between the speed and ease with which businesses may be established in a country and its economic performance – and the enthusiasm with which this link has been grasped by European Union policy makers – our findings imply this link needs reconsidering.Global Entrepreneurship Monitor;Nascent Entrepreneurship;Business Regulations;World Bank Doing Business;Young Businesses

INSTITUCIJE I EKONOMSKI RAZVOJ TEORIJSKA PERSPEKTIVA PROPUŠTENE INSTITUCIONALNE PODRŠKE U REPUBLICI HRVATSKOJ

The activities of institutions have proven to be extremely important in achieving the economic growth and development of national economies. In addition, observed imbalances within the national economy can be minimized due to the contribution of institutions. Therefore, it is necessary to detect opportunities and activities that could, due to adequate institutional implementation, promote the development of a certain area. In the Republic of Croatia, in general, there is a low level of stimulating environment for small and medium sized enterprises as one of the economy drivers. Besides, the parts of the Republic of Croatia in which the primary sector predominates are generally much less developed (for instance, counties of Eastern Croatia). The aim of this paper is to examine the role and importance of institutions on economic development. In addition, it aims at detecting and describing the institutional obstacles in promotion of small and medium enterprises as well as in presenting the selected examples of missed institutional promotion within the primary sector, as an economic branch most represented in the parts of the Republic of Croatia whose development is much lower than the average or even the lowest. The paper predominantly uses theoretical descriptive methods with additional data given in order to confirm mentioned obstacles within the small and medium enterprises and primary sector.Djelovanje institucija pokazalo se iznimno važnim u ostvarenju gospodarskog rasta i razvoja nacionalnih gospodarstava. Osim toga, uočene neravnoteže unutar nacionalnog gospodarstva mogu se minimizirati zahvaljujući doprinosu institucija. Stoga je potrebno otkriti prilike i aktivnosti koje bi uz primjenu adekvatne institucionalne implementacije, mogle potaknuti razvoj određenog područja. U Republici Hrvatskoj postoji niska razina poticajnog okruženja za mala i srednja poduzeća kao jednog od pokretača gospodarstva. Osim toga, dijelovi Republike Hrvatske u kojima prevladava primarni sektor generalno su znatno manje razvijeni (primjerice, županije istočne Hrvatske). Stoga je cilj ovoga rada ispitati ulogu i važnost institucija u gospodarskomu razvoju. Također, cilj je otkriti i opisati institucionalne zapreke u promicanju malog i srednjeg poduzetništva te prikazati odabrane primjere promašene institucionalne promocije unutar primarnog sektora, kao gospodarske grane najzastupljenije u dijelovima Republike Hrvatske čiji je razvoj znatno niži od prosjeka ili čak najniži. U radu se pretežno koriste teorijske deskriptivne metode potkrijepljene dodatnim podacima kako bi se potvrdilo postojanje navedenih zapreka unutar malog i srednjeg poduzetništva te primarnog sektora