Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries

Kamilia Loukil

Business and Economic Research, 2019, vol. 9, issue 4, 79-88

Abstract: This study examines which factors in macroeconomic environment can stimulate entrepreneurial activity in emerging and developing countries. We employ a System Generalized Method of Moments (System GMM) technique to examine determinants of entrepreneurial activity for a panel of 30 countries during the period 2004-2012. Findings show the importance of demand and institutional framework for new business entry. Moreover, we find that entrepreneurship is an autoregressive process.

Keywords: Entrepreneurship; Macroeconomic environment; Demand; Unemployment; Financial development; Institutions; Emerging and developing countries (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mth:ber888:v:9:y:2019:i:4:p:79-88

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