Warunki do rozwoju przedsiębiorczości w krajach Unii Europejskiej
The Conditions of Entrepreneurship In the European Union Countries

Summary/Abstract: The aim of this paper is to identify important determinants of entrepreneurship in 23 European Union countries. Various variables were used in order to describe the macroeconomic conditions (GDP per capita), microeconomic conditions (domestic credit to public sector and CIT rate), administrative factors (numbers of procedures, cost of registration and time required to register the business) and social factors connected to the quality of governance. The analysis was conducted for the period 2004–2011. The methodology was based on the taxonomy method and the Markov chain analysis. It was found that developed countries in Western and Northern Europe offered the best and stable conditions for entrepreneurship development. The worst conditions for opening the business were in Poland due to a high cost of registration, numerous administrative procedures and long time required to register a business.

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