Entrepreneurship: an empirical approach

Abstract

This paper examines the economic and institutional drivers of entrepreneurship in a panel of 91 countries over the period 2000-2020. Using a dataset for the World Bank and World Developmenti Indicators, it estimates the effects of various microeconomic and institutional factors on two measures of entrepreneurship: new busines density and the proportion of new companies over total companies. The results suggest that access to finance and economic development are positively associated with entrepreneurship. Additionally, political instability and corruption have negative effects on busines creation. contest. The findings are robust to the inclusion in the analysis of different control variables.