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    • Revista IJIMAI
    • 2022
    • vol. 7, nº 3, march 2022
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    • UNIR REVISTAS
    • Revista IJIMAI
    • 2022
    • vol. 7, nº 3, march 2022
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    Re-Evaluating the Relationship Between Economic Development and Self-Employment, at the Macro-Level: A Bayesian Model Averaging Approach

    Autor: 
    Rodriguez-Santiago, Ana
    Fecha: 
    03/2022
    Palabra clave: 
    bayesian model averaging; entrepreneurship; macro-level determinants; uncertainty; panel; employment; self-employment; IJIMAI
    Tipo de Ítem: 
    article
    URI: 
    https://reunir.unir.net/handle/123456789/13134
    DOI: 
    https://doi.org/10.9781/ijimai.2022.01.007
    Dirección web: 
    https://www.ijimai.org/journal/bibcite/reference/3093
    Open Access
    Resumen:
    We re-evaluate the relationship between stages of economic development and entrepreneurship, at the macro level. We first conduct a literature review of previous empirical research on cross-country determinants of entrepreneurship in order to put our contribution in perspective. To circumvent problems related to model uncertainty we use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 117 countries in the 2005-2019 period, allowing fixed effects and investigating the existence of heterogeneity allowing interactions of our focus variable with other regressors. Our empirical analysis then shows that the variation of self-employment rates across countries are mainly determined by variations in the unemployment, the stage of economic development and the variations in labor market frictions. When interactions are taken into account, results confirm that there is a differential effect of labor market frictions in countries with different levels of income. Frictions in labor market may encourage becoming self-employed in richer countries.
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    • vol. 7, nº 3, march 2022

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