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The objective of this study was to provide new evidence about the effect of human development in the entrepreneurship. Therefore, human capability approach was used as theoretical framework. Similarly, an empirical analysis was carried out by principal components analysis technique, for grouping of development indicators, of World Bank and of the United Nations, and the creation of Basic Instrumental Freedoms Index (ILIB), which was used as independent variable in the estimation of models by means of panel data. The results provide new evidence that suggests that the growth of ILIB encourages innovative entrepreneurship and decreases necessity entrepreneurship. Keywords: Innovative entrepreneurship, necessity entrepreneurship, human development, capability approach, instrumental freedom. |
