Macroeconomic Determinants of Entrepreneurship in Emerging and Developing Countries

Kamilia Loukil


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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Copyright (c) 2019 Kamilia Loukil

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Business and Economic Research  ISSN 2162-4860

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