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- Publisher
- Springer Journals
- Copyright
- Copyright © 2008 by The Author(s)
- Subject
- Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
- ISSN
- 0921-898X
- eISSN
- 1573-0913
- DOI
- 10.1007/s11187-008-9134-x
- Publisher site
- See Article on Publisher Site
Abstract
Several drivers of entrepreneurial aspirations and entrepreneurial motivations are investigated using country-level data from the Global Entrepreneurship Monitor (GEM) for the years 2005 and 2006. We estimate a two-equation model explaining aspirations using motivations and socioeconomic variables, and explaining motivations using socioeconomic variables. We find that countries with a higher incidence of increase-wealth-motivated entrepreneurs tend to have a higher prevalence of high-job-growth and export-oriented entrepreneurship and that a country’s level of social security relates negatively to the prevalence of innovative, high-job-growth, and export-oriented entrepreneurship. We also find that the increase-wealth motive mediates the relationship between socioeconomic variables and entrepreneurial aspirations.
Journal
Small Business Economics – Springer Journals
Published: Sep 4, 2008