Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286253 
Title (translated): 
Determinants of youth entrepreneurship in Colombia: An analysis from the new institutional economy
Year of Publication: 
2021
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 32 [Year:] 2021 [Pages:] 300-323
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
The purpose of this article is to determine the factors involved in the entrepreneurship of Colombian young people and to estimate the impact that these determinants have on the probability that a young person decides to be an entrepreneur. For the above, a probabilistic logistic model fed with the Global Entrepreneurship Monitor Colombia - 2019 database is estimated. The results show that informal factors such as self-confidence, reference frames and education level positively influence the probability of undertaking, a fact that shows that these informal conditions expressed by North (1993a) are key to influencing entrepreneurship by young people in Colombia. Finally, we conclude that the variables of fear of failure, constituted as informal conditioning factors, may not be seen as a barrier that influences the probability of entry of young Colombians into entrepreneurial activities.
Subjects: 
entrepreneurship
institutions
youth
JEL: 
M10
M13
M21
M29
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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