Several drivers of entrepreneurial aspirations and entrepreneurial motivations are investigated using country-level data from the Global Entrepreneurship Monitor (GEM) for the years 2005 and 2006. We estimate a two-equation model explaining aspirations using motivations and socioeconomic variables, and explaining motivations using socioeconomic variables. We find that countries with a higher incidence of increase-wealth-motivated entrepreneurs tend to have a higher prevalence of high-job-growth and export-oriented entrepreneurship and that a country's level of social security relates negatively to the prevalence of innovative, high-job-growth, and export-oriented entrepreneurship. We also find that the increase-wealth motive mediates the relationship between socioeconomic variables and entrepreneurial aspirations.

Additional Metadata
Keywords Entrepreneurial aspirations, Entrepreneurial motivations, Global entrepreneurship monitor
Persistent URL dx.doi.org/10.1007/s11187-008-9134-x, hdl.handle.net/1765/14721
Citation
Hessels, S.J.A., van Gelderen, A.M., & Thurik, A.R.. (2008). Entrepreneurial aspirations, motivations, and their drivers. Small Business Economics: an entrepreneurship journal, 31(3), 323–339. doi:10.1007/s11187-008-9134-x