High Income Inequality as a Structural Factor in Entrepreneurial Activity

Statistical tests on a panel of data from 54 countries over the 2004-2009 period support the proposition that high income inequality and entrepreneurial activity share a positive linear relationship. In a novel approach, the dependent variable is defined from two independent and uncorrelated perspec...

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Autor principal:	Lecuna,Antonio
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2014
Materias:	entrepreneurial activity income inequality institution gini index
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242014000100002
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spelling	oai:scielo:S0718-272420140001000022015-11-12High Income Inequality as a Structural Factor in Entrepreneurial ActivityLecuna,Antonio entrepreneurial activity income inequality institution gini index Statistical tests on a panel of data from 54 countries over the 2004-2009 period support the proposition that high income inequality and entrepreneurial activity share a positive linear relationship. In a novel approach, the dependent variable is defined from two independent and uncorrelated perspectives: (1) the World Bank Group Entrepreneurship Snapshot, which measures new business entry density based on secondary official sources; and (2) the Total Early Stage Entrepreneurial Activity of the Global Entrepreneurship Monitor project, which is a survey-based measure of formal and informal entrepreneurial participation rates. The empirical strategy is based on the logic that economies with increasing concentrations of wealth tend to encourage entrepreneurial activity because entrepreneurs accumulate more income than workers. Following the disequalizing model, once this inequality appears, it is reinforced in successive generations. The intuition behind this outcome is that a certain level of initial capital is required to establish a new enterprise, which implies that the probability of becoming an entrepreneur increases if an individual has inherited wealth.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.9 n.1 20142014-04-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242014000100002en10.4067/S0718-27242014000100002
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	entrepreneurial activity income inequality institution gini index
spellingShingle	entrepreneurial activity income inequality institution gini index Lecuna,Antonio High Income Inequality as a Structural Factor in Entrepreneurial Activity
description	Statistical tests on a panel of data from 54 countries over the 2004-2009 period support the proposition that high income inequality and entrepreneurial activity share a positive linear relationship. In a novel approach, the dependent variable is defined from two independent and uncorrelated perspectives: (1) the World Bank Group Entrepreneurship Snapshot, which measures new business entry density based on secondary official sources; and (2) the Total Early Stage Entrepreneurial Activity of the Global Entrepreneurship Monitor project, which is a survey-based measure of formal and informal entrepreneurial participation rates. The empirical strategy is based on the logic that economies with increasing concentrations of wealth tend to encourage entrepreneurial activity because entrepreneurs accumulate more income than workers. Following the disequalizing model, once this inequality appears, it is reinforced in successive generations. The intuition behind this outcome is that a certain level of initial capital is required to establish a new enterprise, which implies that the probability of becoming an entrepreneur increases if an individual has inherited wealth.
author	Lecuna,Antonio
author_facet	Lecuna,Antonio
author_sort	Lecuna,Antonio
title	High Income Inequality as a Structural Factor in Entrepreneurial Activity
title_short	High Income Inequality as a Structural Factor in Entrepreneurial Activity
title_full	High Income Inequality as a Structural Factor in Entrepreneurial Activity
title_fullStr	High Income Inequality as a Structural Factor in Entrepreneurial Activity
title_full_unstemmed	High Income Inequality as a Structural Factor in Entrepreneurial Activity
title_sort	high income inequality as a structural factor in entrepreneurial activity
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2014
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242014000100002
work_keys_str_mv	AT lecunaantonio highincomeinequalityasastructuralfactorinentrepreneurialactivity
_version_	1714203249602461696

High Income Inequality as a Structural Factor in Entrepreneurial Activity

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