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The Dynamics of EntrepreneurshipEvidence from Global Entrepreneurship Monitor Data$
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Maria Minniti

Print publication date: 2011

Print ISBN-13: 9780199580866

Published to Oxford Scholarship Online: September 2011

DOI: 10.1093/acprof:oso/9780199580866.001.0001

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High-Aspiration Entrepreneurship

High-Aspiration Entrepreneurship

(p.251) 11 High-Aspiration Entrepreneurship
The Dynamics of Entrepreneurship

Erkko Autio

Oxford University Press

This chapter analyzes the prevalence of high-aspiration entrepreneurs at both the country and individual level. The descriptive analysis reveals significant variation in high-aspiration entrepreneurship across countries as well as between high and low-income economies. At the country level, the analysis of institutional influences shows the difficulty of firing to be negatively and significantly associated to the prevalence of early-stage high-aspiration entrepreneurs. The individual-level analysis confirms this effect. Thus, overall, the findings suggest that country-level factors exercise an important influence on individual-level entrepreneurial growth aspirations. The analysis also demonstrates the unique value of GEM data for the development of more robust and generalizable models of entrepreneurial growth aspirations.

Keywords:   entrepreneurship, high-aspiration entrepreneurship, GEM, difficulty of firing, panel regression, multi-level analysis, growth-oriented entrepreneurs, opportunity costs of doing business

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