EconPapers    
Economics at your fingertips  
 

Country’s Entrepreneurial Environment Predictors for Starting a New Venture—Evidence for Romania

Carmen Păunescu () and Elisabeta Molnar ()
Additional contact information
Carmen Păunescu: UNESCO Department for Business Administration, Bucharest University of Economic Studies, 010374 Bucharest, Romania
Elisabeta Molnar: Faculty of Economics and Business Administration, University of Szeged, H-6722 Szeged, Hungary

Sustainability, 2020, vol. 12, issue 18, 1-18

Abstract: Entrepreneurship has been recognized as a key contributor to the economic development of countries and societal wellbeing. Building and sustaining an adequate entrepreneurial climate challenges—to a high extent—transitional economies world-wide, pushing these countries to develop policies and strategies aimed to sustain high-quality national entrepreneurship. The paper seeks to understand the key determinants of a country’s entrepreneurial environment that drive potential entrepreneurs to assume an entrepreneurial status. It attempts to examine the countries’ entrepreneurial environment factors that influence the development of entrepreneurial spirit and affect the potential entrepreneurs’ decision to start a new venture as a desirable career opportunity. Entrepreneurial spirit is measured by entrepreneurial desirability, feasibility and social stability, taken from the Amway Global Entrepreneurship Report (AGER) 2018 data on national entrepreneurship. The results of the linear regression employed in the paper suggest that, in transitional economies like Romania, clear and stable rules and regulations, manageable taxes, an overall beneficial economic situation, as well as availability and accessibility of technology, may lead to greater entrepreneurial drive and ambition, which is fundamental to sustaining economic growth. The article ends with a discussion about the results and implications of the research.

Keywords: country’s entrepreneurial environment; entrepreneurial spirit; starting a new venture; predictors; AGER; Romania (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/18/7794/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/18/7794/ (text/html)

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:gam:jsusta:v:12:y:2020:i:18:p:7794-:d:416793

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2021-02-22
Handle: RePEc:gam:jsusta:v:12:y:2020:i:18:p:7794-:d:416793