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Entrepreneurship and Socioeconomic Indicators in Latin America

Published online by Cambridge University Press:  05 September 2022

José Ernesto Amorós ,
Fernando Borraz  and
Leonardo Veiga
José Ernesto Amorós
Affiliation:
EGADE Business School, Tecnológico de Monterrey, Mexico, and Universidad del Desarrollo, Santiago, Chile
Fernando Borraz
Affiliation:
Banco Central del Uruguay y Facultad de Ciencias Sociales–Universidad de la República
Leonardo Veiga
Affiliation:
Universidad de Montevideo
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Abstract

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This article examines the relationship between entrepreneurial activity and a set of economic variables including gross domestic product, economic growth, unemployment, informality, corruption perceptions, macroeconomic stability, and labor regulations. We use panel data from nine Latin American countries covered by the Global Entrepreneurship Monitor from 2000 to 2010. We focus on necessity-based entrepreneurship, as the rates of this type of activity are relatively high in Latin America. The results show that economic growth is positively related to opportunity-based entrepreneurship. Other factors such as inflation, informality, and transparency (versus corruption) are positively associated with higher rates of necessity-based entrepreneurship. Lines of future research and policy implications are discussed.

Resumen

Resumen

Este trabajo analiza la relación entre la actividad emprendedora y un conjunto de variables económicas como el producto interno bruto (PIB), crecimiento económico, desempleo, informalidad, percepción de corrupción, estabilidad macroeconómica y regulación laboral. Utilizamos datos de panel de nuevo países latinoamericanos cubiertos por el Global Entrepreneurship Monitor entre 2000 y 2010. Nos centramos en el emprendimiento por necesidad ya que las tasas de este tipo de actividad son relativamente altas en América Latina. Los resultados indican que el crecimiento económica esta positivamente relacionado con el emprendimiento por necesidad. Otros factores como la inflación, informalidad y transparencia (en oposición a la corrupción) se asocian positivamente con tasas más altas de la iniciativa empresarial basada en la necesidad. Se discuten líneas de investigación futuras e implicaciones de política.

Type
Research Article
Information
Latin American Research Review , Volume 51 , Issue 4 , 2016 , pp. 186 - 201
Copyright
Copyright © 2016 by the Latin American Studies Association

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