IDEAS home Printed from https://ideas.repec.org/a/plo/pone00/0313678.html
   My bibliography  Save this article

Human development and entrepreneurship: A cross-country analysis of early-stage, intention, and discontinuation

Author

Listed:
  • Cristian A Rojas
  • Felipe Chávez-Bustamante
  • Rolando Rubilar-Torrealba

Abstract

Entrepreneurship is widely recognized as a vital driver of economic growth, yet its relationship through different stages with broader, non-purely monetary dimensions still needs to be explored. This research seeks to fill this gap by investigating the association between human development and entrepreneurship, recognizing the crucial role of environmental conditions in shaping entrepreneurial activity. Our cross-country Bayesian analysis shows strong evidence that a nation’s level of human development is associated with entrepreneurial activity in three stages: early entrepreneurship, intention for future engagement, and discontinuation of ventures. Our findings expand the intricate relationship between entrepreneurship and economic variables, highlighting the importance of environmental conditions in shaping entrepreneurial behavior. This article emphasizes that promoting robust entrepreneurial ecosystems requires considering integral dimensions such as human development. Policymakers and researchers should broaden their perspectives to encompass these holistic dimensions to create an environment conducive to entrepreneurial growth.

Suggested Citation

  • Cristian A Rojas & Felipe Chávez-Bustamante & Rolando Rubilar-Torrealba, 2024. "Human development and entrepreneurship: A cross-country analysis of early-stage, intention, and discontinuation," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-21, November.
    • Handle: RePEc:plo:pone00:0313678
    DOI: 10.1371/journal.pone.0313678
    as

    Download full text from publisher

    File URL: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0313678
    Download Restriction: no
    File URL: https://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0313678&type=printable
    Download Restriction: no
    File URL: https://libkey.io/10.1371/journal.pone.0313678?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Andreas Freytag & Roy Thurik, 2010. "Entrepreneurship and its Determinants in a Cross-Country Setting," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 157-170, Springer.
    2. Aomar Ibourk & Soukaina Raoui, 2022. "Impact of cooperative entrepreneurship on territorial human development in Morocco – Spatial analysis," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 49(6), pages 914-929, March.
    3. Mark McGillivray & Simon Feeny & Paul Hansen & Stephen Knowles & Franz Ombler, 2023. "What are Valid Weights for the Human Development Index? A Discrete Choice Experiment for the United Kingdom," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(2), pages 679-694, January.
    4. Teemu Kautonen & Marco van Gelderen & Erno T. Tornikoski, 2013. "Predicting entrepreneurial behaviour: a test of the theory of planned behaviour," Applied Economics, Taylor & Francis Journals, vol. 45(6), pages 697-707, February.
    5. Gabriela Boldureanu & Alina Măriuca Ionescu & Ana-Maria Bercu & Maria Viorica Bedrule-Grigoruță & Daniel Boldureanu, 2020. "Entrepreneurship Education through Successful Entrepreneurial Models in Higher Education Institutions," Sustainability, MDPI, vol. 12(3), pages 1-33, February.
    6. Bernd Wurth & Erik Stam & Ben Spigel, 2022. "Toward an Entrepreneurial Ecosystem Research Program," Entrepreneurship Theory and Practice, , vol. 46(3), pages 729-778, May.
    7. Maribel Guerrero & Francisco Liñán & F. Rafael Cáceres-Carrasco, 2021. "The influence of ecosystems on the entrepreneurship process: a comparison across developed and developing economies," Small Business Economics, Springer, vol. 57(4), pages 1733-1759, December.
    8. José Ernesto Amorós & Luciano Ciravegna & Vesna Mandakovic & Pekka Stenholm, 2019. "Necessity or Opportunity? The Effects of State Fragility and Economic Development on Entrepreneurial Efforts," Entrepreneurship Theory and Practice, , vol. 43(4), pages 725-750, July.
    9. Ovidiu Stoica & Angela Roman & Valentina Diana Rusu, 2020. "The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries," Sustainability, MDPI, vol. 12(3), pages 1-19, February.
    10. Marina Dabić & Božidar Vlačić & Timothy Kiessling & Andrea Caputo & Massimiliano Pellegrini, 2023. "Serial entrepreneurs: A review of literature and guidance for future research," Journal of Small Business Management, Taylor & Francis Journals, vol. 61(3), pages 1107-1142, May.
    11. Teemu Kautonen & Marco van Gelderen & Matthias Fink, 2015. "Robustness of the Theory of Planned Behavior in Predicting Entrepreneurial Intentions and Actions," Entrepreneurship Theory and Practice, , vol. 39(3), pages 655-674, May.
    12. Shirokova, Galina & Osiyevskyy, Oleksiy & Bogatyreva, Karina, 2016. "Exploring the intention–behavior link in student entrepreneurship: Moderating effects of individual and environmental characteristics," European Management Journal, Elsevier, vol. 34(4), pages 386-399.
    13. Michael Wyrwich & Michael Stuetzer & Rolf Sternberg, 2016. "Entrepreneurial role models, fear of failure, and institutional approval of entrepreneurship: a tale of two regions," Small Business Economics, Springer, vol. 46(3), pages 467-492, March.
    14. Koellinger, Philipp & Minniti, Maria & Schade, Christian, 2007. ""I think I can, I think I can": Overconfidence and entrepreneurial behavior," Journal of Economic Psychology, Elsevier, vol. 28(4), pages 502-527, August.
    15. Rietveld, Cornelius A. & Bailey, Henry & Hessels, Jolanda & van der Zwan, Peter, 2016. "Health and entrepreneurship in four Caribbean Basin countries," Economics & Human Biology, Elsevier, vol. 21(C), pages 84-89.
    16. Ismael Moya-Clemente & Gabriela Ribes-Giner & Odette Pantoja-Díaz, 2020. "Identifying environmental and economic development factors in sustainable entrepreneurship over time by partial least squares (PLS)," PLOS ONE, Public Library of Science, vol. 15(9), pages 1-17, September.
    17. Arezou Abbasianchavari & Alexandra Moritz, 2021. "The impact of role models on entrepreneurial intentions and behavior: a review of the literature," Management Review Quarterly, Springer, vol. 71(1), pages 1-40, February.
    18. Thai, Mai Thi Thanh & Turkina, Ekaterina, 2014. "Macro-level determinants of formal entrepreneurship versus informal entrepreneurship," Journal of Business Venturing, Elsevier, vol. 29(4), pages 490-510.
    19. Dmitri Domanski & Jürgen Howaldt & Christoph Kaletka, 2020. "A comprehensive concept of social innovation and its implications for the local context – on the growing importance of social innovation ecosystems and infrastructures," European Planning Studies, Taylor & Francis Journals, vol. 28(3), pages 454-474, March.
    20. Linda Edelman & Helena Yli–Renko, 2010. "The Impact of Environment and Entrepreneurial Perceptions on Venture-Creation Efforts: Bridging the Discovery and Creation Views of Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 34(5), pages 833-856, September.
    21. Harry P Bowen & Dirk De Clercq, 2008. "Institutional context and the allocation of entrepreneurial effort," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(4), pages 768-768, June.
    22. Jose Maria Millan & Emilio Congregado & Concepcion Roman & Mirjam van Praag & Andre van Stel, 2011. "The Value of an Educated Population for an Individual's Entrepreneurship Success," Tinbergen Institute Discussion Papers 11-066/3, Tinbergen Institute, revised 06 May 2014.
    23. Lee Stapleton & Guy Garrod, 2007. "Keeping things simple: why the Human Development Index should not diverge from its equal weights assumption," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 84(2), pages 179-188, November.
    24. David Ahlstrom & Amber Y. Chang & Jessie S. T. Cheung, 2019. "Encouraging Entrepreneurship and Economic Growth," JRFM, MDPI, vol. 12(4), pages 1-14, November.
    25. Heiko Bergmann & Ute Stephan, 2013. "Moving on from nascent entrepreneurship: measuring cross-national differences in the transition to new business ownership," Small Business Economics, Springer, vol. 41(4), pages 945-959, December.
    26. Bürkner, Paul-Christian, 2017. "brms: An R Package for Bayesian Multilevel Models Using Stan," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 80(i01).
    27. Florentine U. Salmony & Dominik K. Kanbach, 2022. "Personality trait differences across types of entrepreneurs: a systematic literature review," Review of Managerial Science, Springer, vol. 16(3), pages 713-749, April.
    28. David Urbano & Sebastian Aparicio & David Audretsch, 2019. "Twenty-five years of research on institutions, entrepreneurship, and economic growth: what has been learned?," Small Business Economics, Springer, vol. 53(1), pages 21-49, June.
    29. Valentina Diana Rusu & Angela Roman, 2017. "Entrepreneurial Activity in the EU: An Empirical Evaluation of Its Determinants," Sustainability, MDPI, vol. 9(10), pages 1-16, September.
    30. Simone Chlosta & Holger Patzelt & Sabine Klein & Christian Dormann, 2012. "Parental role models and the decision to become self-employed: The moderating effect of personality," Small Business Economics, Springer, vol. 38(1), pages 121-138, January.
    31. Kuen-Hung Tsai & Hui-Chen Chang & Chen-Yi Peng, 2016. "Extending the link between entrepreneurial self-efficacy and intention: a moderated mediation model," International Entrepreneurship and Management Journal, Springer, vol. 12(2), pages 445-463, June.
    32. Mabel Pisá-Bó & José Fernando López-Muñoz & Josefina Novejarque-Civera, 2021. "The ever-changing socioeconomic conditions for entrepreneurship," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1335-1355, September.
    33. Ashok K. Gaba & Nitika Gaba, 2022. "Entrepreneurial Activity and Economic Growth of BRICS Countries: Retrospect and Prospects," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 31(2), pages 402-424, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aparicio, Sebastian & Urbano, David & Stenholm, Pekka, 2021. "Attracting the entrepreneurial potential: A multilevel institutional approach," Technological Forecasting and Social Change, Elsevier, vol. 168(C).
    2. Johannes Kleinhempel & Saul Estrin, 2025. "Realizing expectations? High-impact entrepreneurship across countries," Small Business Economics, Springer, vol. 64(2), pages 333-351, February.
    3. Kleinhempel, Johannes & Estrin, Saul, 2024. "Realizing expectations?," MPRA Paper 120863, University Library of Munich, Germany.
    4. Mercedes Gumbau-Albert, 2024. "Understanding the Impact of Intangible Capital on Entrepreneurship at the Regional Level," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 11063-11089, September.
    5. Jabeur, Sami Ben & Ballouk, Houssein & Mefteh-Wali, Salma & Omri, Anis, 2022. "Forecasting the macrolevel determinants of entrepreneurial opportunities using artificial intelligence models," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    6. Elaine Laing & André Stel & David J. Storey, 2022. "Formal and informal entrepreneurship: a cross-country policy perspective," Small Business Economics, Springer, vol. 59(3), pages 807-826, October.
    7. Miao, Chao & Gast, Johanna & Laouiti, Rahma & Nakara, Walid, 2022. "Institutional factors, religiosity, and entrepreneurial activity: A quantitative examination across 85 countries," World Development, Elsevier, vol. 149(C).
    8. Graham, Byron & Bonner, Karen, 2024. "The role of institutions in early-stage entrepreneurship: An explainable artificial intelligence approach," Journal of Business Research, Elsevier, vol. 175(C).
    9. Ute Stephan & Andreas Rauch & Isabella Hatak, 2023. "Happy Entrepreneurs? Everywhere? A Meta-Analysis of Entrepreneurship and Wellbeing," Entrepreneurship Theory and Practice, , vol. 47(2), pages 553-593, March.
    10. Simpy Malhotra & Ravi Kiran, 2023. "Examining the Relationship between Entrepreneurial Perceived Behaviour, Intentions, and Competencies as Catalysts for Sustainable Growth: An Indian Perspective," Sustainability, MDPI, vol. 15(8), pages 1-19, April.
    11. Carlos Bazan, 2022. "Effect of the University’s Environment and Support System on Subjective Social Norms as Precursor of the Entrepreneurial Intention of Students," SAGE Open, , vol. 12(4), pages 21582440221, October.
    12. Ghulam, Yaseen, 2021. "Institutions and firms’ technological changes and productivity growth," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    13. Abdallah Alsaad, 2018. "The Individualistic View Of Culture And The Nascent Entrepreneurship: An Examination Of Schwartz’S Cultural Values," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-14, December.
    14. Cephas Tetteh & Misagh Tasavori & Charan R. Bhattarai & Reza Zaefarian & Tazeeb Rajwani, 2024. "How do environmental factors shape entrepreneurial intention? A review and future research," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2955-2977, December.
    15. Tarek Ben Ali, 2023. "How Does Institutional Quality Affect Business Start-Up in High and Middle-Income Countries? An International Comparative Study," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(3), pages 2830-2877, September.
    16. Monika Mühlböck & Julia-Rita Warmuth & Marian Holienka & Bernhard Kittel, 2018. "Desperate entrepreneurs: no opportunities, no skills," International Entrepreneurship and Management Journal, Springer, vol. 14(4), pages 975-997, December.
    17. Shirokova, Galina & Osiyevskyy, Oleksiy & Bogatyreva, Karina, 2016. "Exploring the intention–behavior link in student entrepreneurship: Moderating effects of individual and environmental characteristics," European Management Journal, Elsevier, vol. 34(4), pages 386-399.
    18. Sönke Mestwerdt & Matthias Mrożewski & Christoph Seckler, 2025. "An institutional perspective on fear of failure and its effects across three entrepreneurship stages," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-25, December.
    19. Ricardo Figueiredo Belchior & Roisin Lyons, 2021. "Explaining entrepreneurial intentions, nascent entrepreneurial behavior and new business creation with social cognitive career theory – a 5-year longitudinal analysis," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1945-1972, December.
    20. José Ernesto Amorós & Carlos Poblete & Vesna Mandakovic, 2019. "R&D transfer, policy and innovative ambitious entrepreneurship: evidence from Latin American countries," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1396-1415, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:plo:pone00:0313678. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: plosone (email available below). General contact details of provider: https://journals.plos.org/plosone/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.