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HUBUNGAN ANTARA KUALITASKELEMBAGAAN, INVESTASI ASING LANGSUNG, KEBEBASAN PASAR,DAN KEWIRAUSAHAAN: STUDI PERBANDINGAN Dl ASIA TENGGARA

Abstract

Entrepreneurship is one of the important factors in improving a country's competitiveness index. Studies on the relationship between entrepreneurship (business creation) and macro factors that influenced are still not widely applied. The purpose of this study is to measure how the institutional quality, foreign direct investment, and economic freedom, interact to encourage entrepreneurship. This study uses the data of five Southeast Asian countries for the period 2004-2012. Data sourced from The World Bank Entrepreneurship Snapshot~. Linear model constructed was estimated by ordinary least squares method. Study findings indicate that there is variation in the growth of entrepreneurship with different challenges for each country. Institutional quality becomes a significant factor in influencing the growth of entrepreneurship in the five countries which are the object of study. FDI also has apositive effect on entrepreneurship in most countries of the object of study. Finally, the freedom oft he market has little effect on the increase in business creatio

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