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Determinants of small business activity and entrepreneurship: household survey evidence from Lithuania

Author

Listed:
  • Peter Luke
  • Dalia Pileckiene
  • Peter Romilly
  • Gelmine Sliziene

Abstract

This paper identifies and evaluates a number of factors influencing small business activity and entrepreneurship in Lithuania. It is based on a quantitative approach, using a large household labour force survey obtained from the Lithuanian Statistical Office. The size of the sample enables us to determine the influence of a range of factors including age, gender, ethnicity, location, economic sector and occupation, on small business formation and entrepreneurship. The sample size also implies that we can have some confidence in the reliability of the estimation results. The data set is analysed using two probit model specifications. Overall, our results suggest a number of important issues for policy makers seeking to promote the micro and small business sector in Lithuania.

Suggested Citation

  • Peter Luke & Dalia Pileckiene & Peter Romilly & Gelmine Sliziene, 2008. "Determinants of small business activity and entrepreneurship: household survey evidence from Lithuania," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 4(2/3), pages 147-168.
    • Handle: RePEc:ids:wremsd:v:4:y:2008:i:2/3:p:147-168
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