Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries

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.


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DOI: https://doi.org/10.5296/ber.v9i4.15713

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Business and Economic Research  ISSN 2162-4860

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