Economics at your fingertips  

The role of entrepreneurship in explaining the real Gross Domestic Product per capita: Regression model selection

Harmina Anita ()
Additional contact information
Harmina Anita: VERN University of Applied Sciences, Zagreb, Croatia

Croatian Review of Economic, Business and Social Statistics, 2016, vol. 2, issue 1, 24-38

Abstract: In this research, the impact of total early-stage entrepreneurial activity and competitiveness of the economy on the real gross domestic product (GDP) per capita is analyzed in a cross-section of world economies using the methods of correlation and multiple regression analysis. In the attempt to select between the linear and the double-logarithmic model, the regression diagnostics and quality of the relationship between the dependent and the independent variables were analyzed. The functional form of the model was tested by the MacKinnon, White and Davidson test. Model selection methods regarding the comparison of coefficients of determination and the Akaike information criterion were used. The results of the analysis show that independent variables have a statistically significant impact on the real GDP per capita, and that the real GDP per capita is elastic to the changes of competitiveness but inelastic to the changes of total early-stage entrepreneurial activity.

Keywords: Akaike information criterion; correlation; double-logarithmic regression model; entrepreneurship; multiple linear regression model (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) ... -0007.xml?format=INT (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:

Access Statistics for this article

Croatian Review of Economic, Business and Social Statistics is currently edited by Dragan Bagić, Ksenija Dumičić and Nataša Erjavec

More articles in Croatian Review of Economic, Business and Social Statistics from Sciendo
Bibliographic data for series maintained by Peter Golla ().

Page updated 2018-08-30
Handle: RePEc:vrs:crebss:v:2:y:2016:i:1:p:24-38:n:3