The Impact of Governance on Entrepreneurship Development in ASEAN+1 Countries: Evidence from World Bank Datasets

Abstract

This research explores the impact of the governance indices on the development of entrepre- neurship in the context of ASEAN+1 countries which include China as an important partner to South East Asian nations in almost all aspects of ASEAN development. With the use of the database of the World Bank on the World Governance Indices and Entrepreneurship known as Doing Busi- ness for ASEAN+1 countries, natural logarithm regression analysis was adopted to figure out the extent to which governance would exert its impact on the entrepreneurship development in the member countries of ASEAN as well as China. On the basis of the study findings, conclusions and recommendations were to be drawn for policy modernization in ASEAN+1 context.