De Jure Determinants of New Firm Formation: How the Pillars of Constitutions Influence Entrepreneurship

Carbonara, Emanuela ; Santarelli, Enrico (2015) De Jure Determinants of New Firm Formation: How the Pillars of Constitutions Influence Entrepreneurship. Bologna: Dipartimento di Scienze economiche DSE, p. 35. DOI 10.6092/unibo/amsacta/4161. In: Quaderni - Working Paper DSE (991). ISSN 2282-6483.
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Abstract

This paper provides empirical evidence supporting the view that constitutions may influence the organization of economic activities. Dealing with the issue of the institutional determinants of entrepreneurship, it shows that some of the provisions contained in national constitutions are positively and significantly associated to a standard measure of entrepreneurial dynamics, namely the rate of new business density. Using a novel dataset containing the characteristics of the constitutions enacted in the world and a sample of 115 countries, the paper finds that provisions about the right to conduct/establish a business, the right to strike, consumer protection, protection of trademarks, and education promote higher rates of new firm formation.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Carbonara, Emanuela
Santarelli, Enrico
Keywords
Constitutional Rules, Entrepreneurship, New Firm Formation, Economic Effects of Constitutions
Subjects
ISSN
2282-6483
DOI
Deposit date
04 Feb 2015 11:12
Last modified
28 Oct 2015 13:21
URI

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