High Income Inequality as a Structural Factor in Entrepreneurial Activity



Título del documento: High Income Inequality as a Structural Factor in Entrepreneurial Activity
Revista: Journal of technology management & innovation
Base de datos: CLASE
Número de sistema: 000397545
ISSN: 0718-2724
Autores: 1
Instituciones: 1Universidad del Desarrollo, Santiago de Chile. Chile
Año:
Volumen: 9
Número: 1
Paginación: 13-26
País: Chile
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico, descriptivo
Resumen en inglés 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
Disciplinas: Economía
Palabras clave: Condiciones económicas,
Actividad empresarial,
Desigualdad económica,
Emprenderismo,
Trabajadores,
Ingresos,
Empresarios,
Riqueza
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