The impact of economic-related freedoms on the national entrepreneurial activity

Abstract This article aims to analyze the explanatory power of constituent components Heritage Foundation’s Index Economic Freedom over Global Entrepreneurship and Development Institute’s its sub-indexes. We a sample 118 countries with available historic data from 2014–2019. evaluate impact business, labor, monetary, trade, investment, financial freedom indexes performed cross-sectional analysis using generalized linear models weighted least squares models. also analyzed our panel panel-corrected standard error find significant positive relationship between business indexes. entrepreneurial attitudes, abilities, aspirations The limitations study include diversity national ecosystems difficulty measuring them few quantitative variables. Additionally, results are heavily influenced by selection in sample. To best authors’ knowledge, no previous research has studied Freedom’s Similarly, 2014–2019 makes most comprehensive global about economic entrepreneurship so far.