High Income Inequality as a Structural Factor in Entrepreneurial Activity
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| Format: | Artículo científico |
| Language: | en |
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Universidad Alberto Hurtado
2014
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| _version_ | 1876449743520923648 |
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| author | Antonio Lecuna |
| author_facet | Antonio Lecuna |
| contents | High Income Inequality as a Structural Factor in Entrepreneurial Activity Antonio Lecuna Ingeniería gini index institutions income inequality 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 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. 2014 artículo científico 0718-2724 https://www.redalyc.org/articulo.oa?id=84731017002 en http://www.redalyc.org/revista.oa?id=847 Journal of Technology Management & Innovation application/pdf Universidad Alberto Hurtado Journal of Technology Management & Innovation (Chile) Num.1 Vol.9 |
| format | Artículo científico |
| id | redalyc_84731017002 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad Alberto Hurtado |
| spellingShingle | High Income Inequality as a Structural Factor in Entrepreneurial Activity Antonio Lecuna Ingeniería gini index institutions income inequality Entrepreneurial activity High Income Inequality as a Structural Factor in Entrepreneurial Activity Antonio Lecuna Ingeniería gini index institutions income inequality 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 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. 2014 artículo científico 0718-2724 https://www.redalyc.org/articulo.oa?id=84731017002 en http://www.redalyc.org/revista.oa?id=847 Journal of Technology Management & Innovation application/pdf Universidad Alberto Hurtado Journal of Technology Management & Innovation (Chile) Num.1 Vol.9 |
| title | High Income Inequality as a Structural Factor in Entrepreneurial Activity |
| topic | Ingeniería gini index institutions income inequality Entrepreneurial activity |
| url | https://www.redalyc.org/articulo.oa?id=84731017002 |