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Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries

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  • Kamilia Loukil

Abstract

This study examines which factors in macroeconomic environment can stimulate entrepreneurial activity in emerging and developing countries. We employ a System Generalized Method of Moments (System GMM) technique to examine determinants of entrepreneurial activity for a panel of 30 countries during the period 2004-2012. Findings show the importance of demand and institutional framework for new business entry. Moreover, we find that entrepreneurship is an autoregressive process.

Suggested Citation

  • Kamilia Loukil, 2019. "Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries," Business and Economic Research, Macrothink Institute, vol. 9(4), pages 79-88, December.
    • Handle: RePEc:mth:ber888:v:9:y:2019:i:4:p:79-88
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    Cited by:

    1. Vega-Gonzalez Luis Roberto, 2021. "The Patenting Dilemma in Mexican Public Universities: the Case of ICAT-UNAM," Business and Economic Research, Macrothink Institute, vol. 11(1), pages 59-81, March.

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    More about this item

    Keywords

    Entrepreneurship; Macroeconomic environment; Demand; Unemployment; Financial development; Institutions; Emerging and developing countries;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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