THE IMPACT OF BUSINESS CLIMATE, FOREIGN POPULATION AND UNEMPLOYMENT ON NEW VENTURE CREATION

Mark Hoelscher () and Balasubramanian Elango
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Mark Hoelscher: College of Business, Illinois State University Normal, IL 61790-5580, USA
Balasubramanian Elango: College of Business, Illinois State University Normal, IL 61790-5580, USA

Journal of Developmental Entrepreneurship (JDE), 2012, vol. 17, issue 04, 1-14

Abstract: This paper seeks to add to the literature on regional factors that drive development of new ventures. In particular, it investigates the effects of business climate, foreign population and unemployment on new venture creation. Using state level data from the time period 2003–2007, we find that while business climate and foreign population are positively related to new venture creation, unemployment is negatively related. Implications of this study for fostering entrepreneurship are discussed.

Keywords: New venture creation; business climate; foreign population; unemployment (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1142/S1084946712500215

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