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Entrepreneurship In Developing Countries: Is Africa Different?

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  • JONATHAN MUNEMO

    (Department of Economics and Finance, Salisbury University, 1101 Camden Ave., Salisbury, MD 21801, USA)

Abstract

This paper uses data on new firm registrations to examine entrepreneurship in Africa relative to other developing countries. The results show that new firm creation is more pronounced in other developing regions than in Africa. In addition, the results also show that entry deregulation and political stability are relatively more important for the creation of new businesses in Africa. These results imply that Africa is different; therefore, it is important to implement reforms to create a business environment conducive for new firm creation in Africa. Reforms in governance are also required to address problems related to political stability to increase entrepreneurial activity in Africa.

Suggested Citation

  • Jonathan Munemo, 2012. "Entrepreneurship In Developing Countries: Is Africa Different?," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 17(01), pages 1-12.
    • Handle: RePEc:wsi:jdexxx:v:17:y:2012:i:01:n:s1084946712500045
    DOI: 10.1142/S1084946712500045
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    References listed on IDEAS

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    1. Kaplan, David S. & Piedra, Eduardo & Seira, Enrique, 2011. "Entry regulation and business start-ups: Evidence from Mexico," Journal of Public Economics, Elsevier, vol. 95(11), pages 1501-1515.
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    Cited by:

    1. Folorunsho M. Ajide, 2023. "Institutions and Entrepreneurship in Africa: Does Democracy Matter?," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(3), pages 553-589, November.
    2. Chun Jiang & Amei Feng & Chunhuan Xiao, 2021. "Does Capital Account Liberalization Spur Entrepreneurship: The Role of Financial Development," Sustainability, MDPI, vol. 13(16), pages 1-19, August.
    3. Mekonnen Bogale Abegaz & Kenenisa Lemi Debela & Reta Megersa Hundie, 2023. "The effect of governance on entrepreneurship: from all income economies perspective," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-18, December.
    4. Liu, Aiping & Urquía-Grande, Elena & López-Sánchez, Pilar & Rodríguez-López, Ángel, 2023. "Research into microfinance and ICTs: A bibliometric analysis," Evaluation and Program Planning, Elsevier, vol. 97(C).
    5. Maša Trinajstić & Marinela Krstinić Nižić & Nada Denona Bogović, 2022. "Business Incentives for Local Economic Development," Economies, MDPI, vol. 10(6), pages 1-12, June.
    6. Cheriet, F. & Duquesnois, F., 2020. "Spécificités du processus d’internationalisation d’une firme africaine : étude du cas de l’entreprise malgache Vidzar," Working Papers MOISA 202002, UMR MOISA : Marchés, Organisations, Institutions et Stratégies d'Acteurs : CIHEAM-IAMM, CIRAD, INRA, Montpellier SupAgro - Montpellier, France.
    7. Medase, S. Kehinde & Ahali, Aaron Yaw & Belitski, Maksim, 2023. "Natural resources, quality of institutions and entrepreneurship activity," Resources Policy, Elsevier, vol. 83(C).
    8. Foued Cheriet & Franck Duquesnois, 2020. "Spécificités du processus d’internationalisation d’une firme africaine : étude du cas de l’entreprise malgache Vidzar," Working Papers hal-02493534, HAL.
    9. Jonathan Munemo, 2015. "Foreign Direct Investment, Business Start-up Regulations, and Entrepreneurship in Africa," Economics Bulletin, AccessEcon, vol. 35(1), pages 1-13.
    10. Hernán Herrera-Echeverri & Jerry Haar & Alexander Arrieta Jiménez & Manuel Araújo Zapata, 2015. "Devaluation, Competitiveness And New Business Formation In Emerging Countries," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-22, September.
    11. Mike Herrington & Alicia Coduras, 2019. "The national entrepreneurship framework conditions in sub-Saharan Africa: a comparative study of GEM data/National Expert Surveys for South Africa, Angola, Mozambique and Madagascar," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-24, December.

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