Document Type
Working Paper
Publication Date
2015
College/Unit
Chambers College of Business and Economics
Document Number
15-01
Department/Program/Center
Economics
Abstract
In this paper we argue that the ability of people to freely trade, enter into contracts, and start businesses in a system of private property and the rule of law is crucial for productive entrepreneurship. One measure of how freely individuals can engage in economic activity is the Economic Freedom of the World (EFW) index. After examining the economic policies that harm economic freedom and possibly entrepreneurship, we highlight the correspondence between economic freedom and a number of measures of entrepreneurship. We conclude with some thoughts regarding future research involving economic freedom and entrepreneurship.
Digital Commons Citation
Hall, Joshua C.; Lawson, Robert A.; and Roychoudhury, Saurav, "Creating the Environment for Entrepreneurship through Economic Freedom" (2015). Economics Faculty Working Papers Series. 134.
https://researchrepository.wvu.edu/econ_working-papers/134