Economic and political considerations of deregulation and its impact on entrepreneurship

Abstract

The purpose of this paper is to discuss the importance of deregulation in the development of entrepreneurship which unfortunately, our country is not good at it, and the kinds of laws and notes that we are witnessing their emergence day by day caused some problems for economic activists 1 . Today, entrepreneurship is essential for the development and creation of a healthy economic environment in society and plays an important role in economic stability. Deregulation is the product of forsaking Cold War in politics, the entry of computer technologies in the field of economics and the expansion of services and information in the community. This study uses econometric technique and panel data model to investigate the effect of deregulation on indices of business environment. For this purpose, we investigated some of Ukraine's business competitor countries in West and East Asia that have had a proper performance in entrepreneurship development with Ukraine, using the most recent World Bank data over the period 2018- 2006. The results indicate the positive impact of indices related to deregulation on growth and development of entrepreneurship in these countries. The results show that reforming economic policies and laws and enhancing transparency and the rule of law by emphasizing software factors and components such as guaranteeing ownership, revising and improving the licensing process and stages, and strengthening the infrastructure and reforming the financing system are important components that improve and facilitate the business environment.