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Explaining variation in nascent entrepreneurship

Author

Listed:
  • André van Stel
  • Roy Thurik
  • Sander Wennekers
  • Paul D. Reynolds

Abstract

This paper aims at explaining cross-country variation in nascent entrepreneurship. Regression analysis is applied using various explanatory variables derived from three different approaches. We make use of the Global Entrepreneurship Monitor database, including nascent entrepreneurship rates for 36 countries in 2002 as well as variables from standardized national statistics. The first approach relates the level of entrepreneurship of a country to its level of economic development. We find evidence for a U-shaped relationship. The second approach deals with a regime switch where the innovative advantage moves from large, established enterprises to small and new firms, because new technologies have reduced the importance of scale economies in many sectors. The third approach assumes that nascent entrepreneurship partly depends upon various non-economic conditions in the domains technology, demography, culture and institutions, influencing opportunities, resources, skills and preferences. Several indicators of these aggregate conditions are found to influence nascent entrepreneurship.

Suggested Citation

  • André van Stel & Roy Thurik & Sander Wennekers & Paul D. Reynolds, 2004. "Explaining variation in nascent entrepreneurship," Scales Research Reports H200401, EIM Business and Policy Research.
    • Handle: RePEc:eim:papers:h200401
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    Citations

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    Cited by:

    1. Wennekers, Sander & van Stel, André & Carree, Martin & Thurik, Roy, 2010. "The Relationship between Entrepreneurship and Economic Development: Is It U-Shaped?," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 6(3), pages 167-237, July.
    2. Lorraine Uhlaner & Roy Thurik, 2004. "Post-Materialism: A Cultural Factor Influencing Total Entrepreneurial Activ-ity Across Nations," Papers on Entrepreneurship, Growth and Public Policy 2004-07, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    3. Albiol, Judit, 2014. "The Significance of Business Exit for Future Entrepreneurial Activity," Working Papers 2072/238221, Universitat Rovira i Virgili, Department of Economics.
    4. Mina Baliamoune-Lutz & Pierre Garello, 2014. "Tax structure and entrepreneurship," Small Business Economics, Springer, vol. 42(1), pages 165-190, January.
    5. Sander Wennekers & Roy Thurik & André van Stel & Niels Noorderhaven, 2003. "Uncertainty Avoidance and the Rate of Business Ownership across 22 OECD Countries, 1976-2000," Tinbergen Institute Discussion Papers 03-089/3, Tinbergen Institute, revised 01 Sep 2004.
    6. Sander Wennekers & André Stel & Roy Thurik & Paul Reynolds, 2008. "Nascent entrepreneurship and the level of economic development," Small Business Economics, Springer, vol. 30(3), pages 325-325, March.
    7. Mihai Nica, 2021. "Economic development and business creation," Economic Change and Restructuring, Springer, vol. 54(1), pages 219-239, February.
    8. Nooreen Mujahid & Azeema Begam & Nargis, 2019. "SMEs Output and GDP Growth: A Dynamic Perspective," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 9(1), pages 53-65, June.

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