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An Analysis of the Macroeconomic Determinants of Entrepreneurial Activity in Turkey

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  • Serpil Dom Tomak

    (Mersin University, Social Sciences Higher Vocational School, Mersin, Turkey)

Abstract

Today, entrepreneurship is seen as the main element of economic growth plays an important role in national economies in terms of contribution to employment innovation creation. In this sense, it is also important to determine the basic elements that affect entrepreneurial activities, to support the creation development of new businesses to decision makers for taking necessary measures. In this study, the effects of some macroeconomic factors on the dynamics of entrepreneurial activity in Turkey are investigated for a period of 11 years (2007-2017). The research includes access to credit (ACC), economic confidence index (ECI), inflation rate (INF), foreign direct investment (FDI), unemployment rate (UNEMP) industrial production index (IPI). The results of the research demostrate that there is no correlation between access to credit, economic confidence index unemployment rate entrepreneurship level; whereas inflation rate, foreign direct investment, industrial production index are related for the period covered in Turkey.

Suggested Citation

  • Serpil Dom Tomak, 2018. "An Analysis of the Macroeconomic Determinants of Entrepreneurial Activity in Turkey," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 128-136.
    • Handle: RePEc:eco:journ1:2018-02-17
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    References listed on IDEAS

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    More about this item

    Keywords

    Determinants of entrepreneurship; entrepreneurial activities; Turkey.;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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