Relationship Between Social Business Entrepreneurship and Business Freedom: An Evidence from Russia

The study sheds a light on contribution to the existing literature of entrepreneurial activities related to the social business entrepreneurship by considering the business freedom of the entrepreneurs of the Russian Federation, where how Gross National Income per capita and Industry value added per worker influence the business freedom of the social business entrepreneurship in the short-run and long-run. In the paper is applied model called The Vector Error Correction Model (VECM) and while considering log of business freedom index as the dependent variable in VECM, the results show that in the short run log of Gross National Income per capita and the log of industry value added per worker do not influence business freedom indexes. Also, the paper results show that in the long run, the log of Gross National Income per capita negatively observes the business freedom index. The investigation will additionally support and become an encouragement issue for improving business conditions for the established and new social business entrepreneurs in the Russian Federation and other countries as well.