Entrepreneurial Activity: The Case of Developing Countries

Modern literature has many papers in the field of entrepreneurship, however most of them does not explain the special features of entrepreneurial activity in developing countries. So that, in the present research work it is used panel data for cross country analysis in the aim of finding factors influencing the level of entrepreneurial activity in the 52 developing countries. The paper discusses how individual characteristics and regulatory standards of the countries, as well as some macroeconomic indicators. The last include GDP growth and the unemployment rate. We noted a significant influence of individual factors (gender, age, education), and indicators characterizing the self-assessment of the respondent and evaluation of the environment in which he is located. For macroeconomic indicators, there are two main conclusions the positive impact of GDP growth and the lack of impact of unemployment on the level of entrepreneurial activity. The latter result coincides with the findings of the Nielsen survey, College.