The formation of new firms: An ordered probit model approach for Latin American and Caribbean Countries

Jorge Velez Ospina and Jacobo Campo Robledo

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to identify the factors that affect the creation of new firms in Latin American countries. We take into consideration economic, political, social and technological factors which should also help governments realize the areas that we found to have the greatest impact. The study relies on data from international organizations from which we construct an Ordered Probit model. The results indicate that credit and government effectiveness enhance the probability of generating new business but it depended of business density

Keywords: Business density; Orderet Probit; Institutional (search for similar items in EconPapers)
JEL-codes: L00 (search for similar items in EconPapers)
Date: 2014, Revised 2014
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Published in Documentos de Trabajo Documentos de Trabajo.24(2014): pp. 1-18

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Related works:
Working Paper: The Formation of New Firms: An ordered probit model approach for Latin American and Caribbean Countries (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60466

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