Environmental Factors And Entrepreneurial Activity In Latin America

The main purpose of this paper is to analyze theinfluence of environmental factors on entrepreneurialactivity, focusing on Latin America, and usingthe institutional approach as theoretical framework.Through a panel data model with information fromthe Global Entrepreneurship Monitor and DoingBusiness...

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Published in:	Academia (Consejo Latinoamericano de Escuelas de Administración) 2011-01, Vol.48 (48), p.31-45
Main Authors:	Álvarez, Claudia, Urbano, David
Format:	Article
Language:	por ; eng
Subjects:	Business Skills Contextual analysis Corruption Data models Doing Business Econometric models Economic conditions Economic Factors Economic growth Economic Progress Entrepreneurs Entrepreneurship Environmental Influences Formalization GDP Global Entrepreneurship Monitor Government (Administrative Body) Gross Domestic Product Institutional Environment Institutionalism Latin America Panel data Political stability Role models Skill differentials Small & medium sized enterprises-SME Social change Social Development Social surveys Society Socioeconomic factors Time
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Summary:	The main purpose of this paper is to analyze theinfluence of environmental factors on entrepreneurialactivity, focusing on Latin America, and usingthe institutional approach as theoretical framework.Through a panel data model with information fromthe Global Entrepreneurship Monitor and DoingBusiness, we demonstrate that informal institutions,such as political stability, control of corruption androle models are related to the entrepreneurial activity.Likewise, contrary to the expected results, formalinstitutions, such as procedures and time for startinga new business, and business and entrepreneurialskills, do not have a significant influence on entrepreneurshipin Latin American countries.
ISSN:	1012-8255 2056-5127