Econometric Modeling to Measure the Social and Economic Factors in the Success of Entrepreneurship
Econometric Modeling to Measure the Social and Economic Factors in the Success of Entrepreneurship
Authors
Rubilar Torrealba, Rolando
Chahuan Jimenez, Karime
De La Fuente Mella, Hanns
Marzo Navarro, Mercedes
Chahuan Jimenez, Karime
De La Fuente Mella, Hanns
Marzo Navarro, Mercedes
Profesor GuĆa
Authors
Date
Datos de publicaciĆ³n:
10.3390/su14137573
SUSTAINABILITY,Vol.14,2022
SUSTAINABILITY,Vol.14,2022
Tipo de recurso
Article
Keywords
Materia geogrƔfica
Collections
Abstract
The purpose of this research is to develop a theoretical model of the entrepreneurial decision of individuals and to measure the effect of a group of variables on this decision. The effects of variables such as income, age, gender, level of education, and entrepreneurial skills are studied. The results show that innovation and entrepreneurship are linked to the personal characteristics of individuals and the social context in which they develop, thus making it possible to guide social policies for the development of the economy. Logit and probit functions were used to measure the effect of the variables on the entrepreneurship phenomenon. The main findings of this research indicate that the variables with a significant impact on the success of entrepreneurship and innovation are income, age, gender, skill, and the interaction between the opportunity and education variables.