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Economic and political institutions and entry into formal and informal entrepreneurship
We investigated the influence of economic and political institutions on the prevalence rate of formal and informal entrepreneurship across 18 countries in the Asia-Pacific region during the period 2001–2010. We found the quality of institutions to exercise a substantial influence on both formal and informal entrepreneurship. One standard-deviation increase in the quality of economic and political institutions could double the rates of formal entrepreneurship and halve the rates of informal entrepreneurship. The two types of institutions had a complementary effect on driving entry into formal entrepreneurship, whereas only direct effects were observed for informal entry.
Funding
This research was supported by the UK Entrepreneurship Research Centre.
History
School
- Loughborough University London
Published in
Asia Pacific Journal of ManagementVolume
32Issue
1Pages
67 - 94Citation
AUTIO, E. and FU, K., 2014. Economic and political institutions and entry into formal and informal entrepreneurship. Asia Pacific Journal of Management, 32 (1), pp. 67-94.Publisher
© SpringerVersion
- AM (Accepted Manuscript)
Publisher statement
This work is made available according to the conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. Full details of this licence are available at: https://creativecommons.org/licenses/by-nc-nd/4.0/Publication date
2014-05-13Notes
The final publication is available at Springer via http://dx.doi.org/10.1007/s10490-014-9381-0.ISSN
0217-4561eISSN
1572-9958Publisher version
Language
- en