High-Growth Aspirations of Entrepreneurs in Latin America: Do Alliances Matter?
Autor: | Fernando Pereira Laverde, Raquel Puente Castro, José U. Mora Mora |
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Jazyk: | angličtina |
Rok vydání: | 2020 |
Předmět: |
Entrepreneurship
Index (economics) Latin Americans gem media_common.quotation_subject Geography Planning and Development lcsh:TJ807-830 lcsh:Renewable energy sources Ordered probit Management Monitoring Policy and Law entrepreneurship Gross domestic product 0502 economics and business Economic impact analysis 050207 economics lcsh:Environmental sciences media_common Selection bias lcsh:GE1-350 Renewable Energy Sustainability and the Environment lcsh:Environmental effects of industries and plants 05 social sciences regional development Alliance lcsh:TD194-195 Latin America international alliances Demographic economics Business growth aspirations 050203 business & management |
Zdroj: | Sustainability Volume 12 Issue 7 Sustainability, Vol 12, Iss 2867, p 2867 (2020) |
ISSN: | 2071-1050 |
DOI: | 10.3390/su12072867 |
Popis: | This study considers how the formation and implementation strategies of a Latin America alliance between four of the best economic performance countries in the region have impacted the quality of entrepreneurship in these countries. To this end, we studied the Pacific Alliance (PA) and employed an ordered probit model with sample selection bias and statistical information from the Global Entrepreneurship Monitor (GEM) database for the 2012&ndash 2017 period. As a dependent variable, we used the growth aspiration of entrepreneurs as a proxy to measure the future growth of the company, from which a possible economic impact could be inferred. The evidence shows that during the implementation period of the PA, there is a positive impact on entrepreneur growth aspirations in member countries the likelihood that entrepreneurs have high-growth aspirations is found to be greater during and after the implementation period than before the signing of the PA. Likewise, it was found that motivation, gender, education, skills, innovation (as perceived by the entrepreneur), export level, two pillars of the global competitiveness index (GCI), and the gross domestic product (GDP) growth rate explain the growth aspirations of entrepreneurs in the member countries during the period under study. |
Databáze: | OpenAIRE |
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