Entrepreneurial aspirations, motivations, and their drivers
October 2008
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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.
- entrepreneurship
- growth
- motive
- entrepreneur
- country
- motivation
- aspiration
- business
- level
- security
- variable
- study
- thurik
- export
- journal
- independence
- research
- development
- increase-wealth motive
- relationship
