Entrepreneurship and economic freedom: cross-country evidence from formal and informal sectors
基于跨国数据，实证检验经济自由对正规和非正规创业的影响，发现经济自由促进正规创业、抑制非正规创业，且对创业活动较多的国家效果更显著。
The paper empirically examines the effect of economic freedom on the average prevalence of formal and informal entrepreneurship. Whereas the formal entrepreneurship and economic freedom nexus has been studied, the influence of economic freedom on informal entrepreneurship is less forthcoming. The results, based on cross-country data and after accounting for possible reverse causality, show that economic freedom promotes formal entrepreneurship and inhibits informal entrepreneurship. Furthermore, the return from economic freedom is greatest in countries with a relatively higher prevalence of formal and informal entrepreneurship.