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Do contextual factors influence entrepreneurship? Spain’s regional evidences

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Listed:
  • Josefina Novejarque Civera

    (ESIC Business & Marketing School)

  • Mabel Pisá Bó

    (ESIC Business & Marketing School)

  • José Fernando López-Muñoz

    (ESIC Business & Marketing School)

Abstract

This paper examines the socioeconomical forces influencing entrepreneurial activity at both the regional and country level in Spain during the period from 2000 to 2017. Using institutional data, we find significant differences in new firm formation rates by regions. Such variations in firm birth rates are mainly explained by economic growth, unemployment, establishment size, and human capital. Moreover, human capital greatly determines the effect of research and development investment on new firm formation rates. As a result, our work enriches our knowledge of the socioeconomical drivers motivating entrepreneurial action.

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  • Josefina Novejarque Civera & Mabel Pisá Bó & José Fernando López-Muñoz, 2021. "Do contextual factors influence entrepreneurship? Spain’s regional evidences," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 105-129, March.
    • Handle: RePEc:spr:intemj:v:17:y:2021:i:1:d:10.1007_s11365-019-00625-1
    DOI: 10.1007/s11365-019-00625-1
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    2. José Alberto Martínez-González & Urszula Kobylinska & Desiderio Gutiérrez-Taño, 2021. "Exploring Personal and Contextual Variables of the Global Entrepreneurship Monitor through the Rasch Mathematical Model," Mathematics, MDPI, vol. 9(16), pages 1-23, August.
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