Determinants of Entrepreneurship Activity – Empirical Evidence from Albania

Kristi Dashi and Eni Numani

Economic Studies journal, 2025, issue 5, 150-164

Abstract: This paper aims to explore the factors that determine the initiation of new enterprises in the context of Albania, a Western Balkan, upper-middle-income country. The study builds upon an extensive literature research on entrepreneurship activity and its determining factors. Through empirical analysis, we examine the influence of economic and socio-demographic factors on the initiation of new businesses. The regression analysis reveals a negative relationship between the tax burden index, innovation and the number of families with economic assistance, and a positive relationship between an individual’s life satisfaction and education with the density of new businesses. By offering empirical evidence and recommendations, this study contributes to the existing literature and provides valuable insights to be used by policymakers, practitioners, and researchers who are interested in promoting entrepreneurship and economic development in developing countries.

JEL-codes: J24 L26 O10 O31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2025:i:5:p:150-164

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