Open AccessAge of the entrepreneurial decision: Differences among developed, developing, and non- developed countries
Author(s) -
Alicia Coduras Martínez,
Jorge Velilla,
Raquel Ortega
Publication year - 2018
Publication title -
economics and business letters
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.197
H-Index - 4
ISSN - 2254-4380
DOI - 10.17811/ebl.7.1.2018.36-46
Subject(s) - entrepreneurship , de facto , residence , business , population , demographic economics , survey data collection , marketing , economics , sociology , political science , demography , statistics , mathematics , finance , law
Although entrepreneurship is widely considered an engine of growth, it is not clear whether policies, de facto, promote it, and knowing which individuals are willing to become entrepreneurs could help in the design of those policies. In this paper, we study how individuals become entrepreneurs at different ages, according to the degree of development of the country of residence. We make use of the GEM 2014 Adult Population Survey data, against a background where social norms are controlled, to find that the relationship between entrepreneurship and age follows an inverted U-shape, according to machine learning techniques, and that younger individuals are the most willing to become entrepreneurs.