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Age of the entrepreneurial decision: Differences among developed, developing, and non- developed countries

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  • Alicia Coduras
  • Jorge Velilla
  • Raquel Ortega

Abstract

Although entrepreneurship is widely considered an engine of growth, it is not clear whether policies, de facto, promote it, and knowing which individuals are willing to become entrepreneurs could help in the design of those policies. In this paper, we study how individuals become entrepreneurs at different ages, according to the degree of development of the country of residence. We make use of the GEM 2014 Adult Population Survey data, against a background where social norms are controlled, to find that the relationship between entrepreneurship and age follows an inverted U-shape, according to machine learning techniques, and that younger individuals are the most willing to become entrepreneurs.

Suggested Citation

  • Alicia Coduras & Jorge Velilla & Raquel Ortega, 2018. "Age of the entrepreneurial decision: Differences among developed, developing, and non- developed countries," Economics and Business Letters, Oviedo University Press, vol. 7(1), pages 36-46.
    • Handle: RePEc:ove:journl:aid:12651
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/12651
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    Cited by:

    1. Velilla, Jorge, 2021. "Regional and national results on entrepreneurship using GEM data," MPRA Paper 110323, University Library of Munich, Germany.
    2. Secundo, Giustina & Rippa, Pierluigi & Cerchione, Roberto, 2020. "Digital Academic Entrepreneurship: A structured literature review and avenue for a research agenda," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    3. Giménez-Nadal, José Ignacio & Molina, José Alberto & Velilla, Jorge, 2022. "Intergenerational correlation of self-employment in Western Europe," Economic Modelling, Elsevier, vol. 108(C).
    4. Belloc, Ignacio & Molina, José Alberto & Velilla, Jorge, 2022. "Living in Rural Areas and Self-Employment," IZA Discussion Papers 15059, Institute of Labor Economics (IZA).
    5. Gascón Salillas, Patricia, 2020. "La actividad emprendedora: Análisis transversal en la Comunidad Foral de Navarra [Entrepreneurship activity: Cross-sectional analysis in the Region of Navarra]," MPRA Paper 99386, University Library of Munich, Germany.
    6. Syarifah Farradinna & Nesi Syafitri & Icha Herawati & Wella Jayanti, 2023. "An exploratory factor analysis of entrepreneurship psychological readiness (EPR) instrument," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-13, December.
    7. Ortega Palacios, Inés, 2020. "Análisis del emprendimiento usando datos GEM: evidencias para la Comunidad de Madrid [Entrepreneurship analysis using Gem data: evidence for Madrid]," MPRA Paper 98687, University Library of Munich, Germany.
    8. Iñiguez, David & Ortega, Raquel & Rivero, Alejandro & Velilla, Jorge, 2018. "Entrepreneurship and social networks in Spain," MPRA Paper 89652, University Library of Munich, Germany.
    9. Lourenco Paz, 2022. "Does age modulate the impact of import competition on job type?," Economics and Business Letters, Oviedo University Press, vol. 11(4), pages 161-171.

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