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Small Business Economics

, Volume 31, Issue 3, pp 323–339

First Online: 04 September 2008Received: 15 January 2008Revised: 16 June 2008Accepted: 13 July 2008


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.

KeywordsEntrepreneurial motivations Entrepreneurial aspirations Global Entrepreneurship Monitor JEL ClassificationsH50 L21 L26 M13  Download fulltext PDF

Autor: Jolanda Hessels - Marco van Gelderen - Roy Thurik

Fuente: https://link.springer.com/

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