EconPapers    
Economics at your fingertips  
 

The Nature of Entrepreneurship and its Determinants: Opportunity or Necessity?

Gonçalo Brás and Elias Soukiazis ()
Additional contact information
Gonçalo Brás: Faculty of Economics, University of Coimbra, Portugal

No 2014-22, GEMF Working Papers from GEMF, Faculty of Economics, University of Coimbra

Abstract: Within the institutional theory of North (1990, 2005), the objective of this study is to analyse the impact of economic and institutional factors, formal and informal, in the entrepreneurial activity of nations, particularly in Total Entrepreneurial Activity (TEA). In order to evaluate the simultaneous influence of economic and institutional factors on the entrepreneurial activity, a multiple regression approach is used with cross-country data sets. The results show that TEA is negatively related to infrastructural capacity and political stability of a country, and positively related to government spending and freedom of expression and corporate associations (Voice & Accountability) at a country level. It is also tested the relationship between TEA and GDP per capita. Our results confirm a convex relationship between the two variables giving evidence that the entrepreneurial activity is mostly necessity driven rather than motivated by opportunity.

Keywords: Entrepreneurship by necessity; Entrepreneurship by opportunity; Cross-country regression models; convexity hypothesis; threshold level. (search for similar items in EconPapers)
JEL-codes: L26 M13 C31 (search for similar items in EconPapers)
Pages: 53 pages
Date: 2014-11
New Economics Papers: this item is included in nep-cse, nep-ent, nep-gro and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Published in Journal of Global Economics, Management and Business Research 3(4): 177-188, 2015.

Downloads: (external link)
http://www.uc.pt/feuc/gemf/working_papers/pdf/2014/gemf_2014-22 (application/pdf)

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:gmf:wpaper:2014-22.

Access Statistics for this paper

More papers in GEMF Working Papers from GEMF, Faculty of Economics, University of Coimbra Contact information at EDIRC.
Bibliographic data for series maintained by Ana Seiça ().

 
Page updated 2021-04-07
Handle: RePEc:gmf:wpaper:2014-22.