Institutional determinants of entrepreneurship conditions and productivity growth in the European Union

Abstract

The last thirty years have been a period of a transformation of economic conditions for the European countries. Additionally, the emergence of global knowledge-based economy has significantly changed the economic relations. All these fundamental processes have also influenced significant institutional changes, which has resulted in a much higher current role of entrepreneurship and entrepreneurial environment. Therefore, the scientific problem of the thesis relates to the short or middle term formal institutional determinants of entrepreneurship conditions and entrepreneurial environment and their influence on the total factor productivity growth (TFP). Additionally, the issue of institutional convergence process in the EU is in the scope of the thesis.