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Determinants of entrepreneurial engagement levels in Europe and the US

Isabel Grilo and Roy Thurik

Papers on Entrepreneurship, Growth and Public Policy from Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group

Abstract: The process of the entrepreneurial decision is decomposed in seven engagement levels ranging from “never thought about starting a business†to “gave up†, “thinking about it†, “taking steps for starting up†, “having a young business†, “having an older business†and “no longer being an entrepreneur†. By using a multinomial logit model we allow the effect of covariates to differ across the various entrepreneurial engagement levels. Data from two Entrepreneurship Flash Eurobarometer surveys (2002 and 2003) con-taining over 20,000 observations of the 15 old EU member states, Norway, Iceland, Liechtenstein and the US are used. Other than demographic variables, the set of explanatory variables used includes the percep-tion by respondents of administrative complexities, of availability of financial support and of risk tolerance, the respondents’ preference for self-employment and country specific effects. Among our results we find that the perception of lack of financial support has no discriminative effect across the various levels of en-trepreneurial engagement while perception of administrative complexities plays a negative role only for high levels of engagement.

Keywords: entrepreneurship; determinants; nascent entrepreneurship; multinomial logit; barriers to entry; Europe (search for similar items in EconPapers)
JEL-codes: H10 J23 L26 M13 R12 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2007-12
New Economics Papers: this item is included in nep-bec, nep-cse, nep-dcm, nep-eec, nep-ent and nep-pbe
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Journal Article: Determinants of entrepreneurial engagement levels in Europe and the US (2008) Downloads
Working Paper: Determinants of entrepreneurial engagement levels in Europe and the US (2005) Downloads
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