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Is Individual Entrepreneurship Necessity Or An Opportunity In The Kyrgyz Republic? A Panel Study

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  • Urmatbek Tynaliev

    (International Ataturk-Alatoo University Faculty of Economics and Administrative Sciences, 1/8 Ankara Str, Tunguch mikroraion, Bishkek 720048)

Abstract

The goal of this research has been to verify the theoretical discussions on the similarities of the Global Entrepreneurship Monitor (GEM) classified opportunity and necessity entrepreneurship across seven regions of Kyrgyz Republic (KR) and its capital, Bishkek city. Individual entrepreneurs with employees (IEWEs) and without employees (IEWOEs) were used as proxy dependent variables for opportunity and necessity entrepreneurship. The independent variables include unemployment rates, poverty rates, microcredit recipients, crime rate and a few others. The study period was from 2002 to 2012. The least squares dummy variable (LSDV) panel data method was employed, using dummies specifically for each region. The findings of this research from a macro perspective did not confirm those similarities. Proxy dependent variables for opportunity and necessity entrepreneurship, IEWEs and IEWOEs, are rarely affected by the same factors.

Suggested Citation

  • Urmatbek Tynaliev, 2014. "Is Individual Entrepreneurship Necessity Or An Opportunity In The Kyrgyz Republic? A Panel Study," European Journal of Business and Economics, Central Bohemia University, vol. 9(2), pages 5261:9-5261, November.
    • Handle: RePEc:aad:ejbejj:v:9:y:2014:i:2:p:526
    DOI: 10.12955/ejbe.v9i2.526
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    More about this item

    Keywords

    IEWEIEWOE; KR; regions; informal sector; panel data; LSDV;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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