Entrepreneurial Activity and Institutions

The work is devoted to the analysis of entrepreneurial activities. The main purpose of paper is to better understand the institutional impact on entrepreneurship and business survival. We have used data from GEM (Global Entrepreneurship Monitor) for 98 countries throughout 1999-2016 as dependent variables such as total entrepreneurial activity (TEA), established business ownership (EBO), and to understand the reasons impeding the successful development and operation of the business, was used the ratio between Established Business Ownership (EBO) and Total Entrepreneurship Activity index TEA. Early-stage business survival rate variable (EBO / TEA) is the ratio between the established and beginning entrepreneurs (Levie and Hart, GEM UK Monitoring Report, 2011). As explanatory and control variables were applied data from World Governance Indicators (World Bank), Doing Business (World Bank), and World Development Indicators (World Bank). There have been analyzed the impact of rule of law, control of corruption, cost to start business, cost to enforce a contract, cost to register property, cost to build a warehouse on the total entrepreneurial activity, established business ownership and early-stage business survival.