Country’s Development as a Determinant of Early-Stage Entrepreneurial Activity

Authors

  • Miha Marič University of Maribor, Faculty of Organizational Sciences
  • Jasmina Žnidaršič University of Maribor, Faculty of Organizational Sciences
  • Miha Uhan University of Ljubljana, Faculty of Economics
  • Vlado Dimovski University of Ljubljana, Faculty of Economics
  • Marko Ferjan University of Maribor, Faculty of Organizational Sciences
  • Maja Djurica Belgrade Business School, Serbia
  • Mitja Jeraj JP Projekt d.o.o.
  • Matej Janežič National Institute of Chemistry

Abstract

Our study is built on the dependence of early-stage entrepreneurial activity on GDP per capita, GDP real growth rate, unemployment rate, inflation rate, investments and public debt of different countries. We divide the early-stage entrepreneurial activity into necessity-driven and improvement-driven opportunistic entrepreneurial activity. To establish the dependencies we have conducted the regression analyses. Our three main findings are: (a) early-stage entrepreneurial activity does depend on our predictors; (b) necessity-driven entrepreneurial activity is negatively correlated to country’s development; and (c) improvement-driven opportunistic entrepreneurial activity is positively correlated to country’s development.

Keywords: entrepreneurship, early-stage entrepreneurial activity, economic development indicators

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Published

2013-06-01

Issue

Vol. 46 No. 3 (2013)

Section

Research Papers