Determinants of overall and sectoral entrepreneurship: evidence from Portugal
Gonçalo Brás and
Elias Soukiazis (elias@fe.uc.pt)
No 2018-04, CeBER Working Papers from Centre for Business and Economics Research (CeBER), University of Coimbra
Abstract:
As a multidisciplinary concept, entrepreneurship can be explained by numerous factors. Therefore, the aim of this study is to test empirically the determinants of entrepreneurship (overall and sectoral) in the Portuguese economy. Despite the methodological limitations inherent in such studies, which are mainly due to the incompatibility of some series and the temporal limitations of some data, the novelty involving a cross-sectoral view of the entrepreneurial phenomenon fuels this challenge. For this purpose, we employ an estimation approach based on time series models to confirm (or reject) a diversity of hypotheses. The main results indicate that the determinants of entrepreneurship in industry are significantly different from the determinants of entrepreneurship in the service sector in Portugal. On the other hand, the determinants of entrepreneurship in the service sector are very similar to those explaining the overall entrepreneurial activity, due to the high share of services in total economic activity. The main conclusions of the study can guide institutional decision-makers to adopt adequate policies for promoting entrepreneurship in Portugal. Additionally, strategic routes for the sustainable development of entrepreneurial activity are suggested.
Keywords: entrepreneurship; sectoral entrepreneurship; determinants of entrepreneurship; entrepreneurial activity; business services; time series models. (search for similar items in EconPapers)
JEL-codes: L26 O11 O14 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2018-04
New Economics Papers: this item is included in nep-ent and nep-sbm
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.uc.pt/en/uid/ceber/WorkingPapers/wp/wp_2018/quartowp (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:gmf:papers:2018-04
Access Statistics for this paper
More papers in CeBER Working Papers from Centre for Business and Economics Research (CeBER), University of Coimbra Contact information at EDIRC.
Bibliographic data for series maintained by Sofia Antunes (ceber@uc.pt).