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High Income Inequality as a Structural Factor in Entrepreneurial Activity

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dc.contributor.author Lecuna, Antonio
dc.date.accessioned 2014-10-08T23:16:49Z
dc.date.available 2014-10-08T23:16:49Z
dc.date.issued 2014
dc.identifier.citation Journal of Technology Management & Innovation 9(1): 2014, p. 13-26 es_CL
dc.identifier.uri http://repositorio.uahurtado.cl/handle/11242/4358
dc.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. es_CL
dc.language.iso en_US es_CL
dc.publisher Universidad Alberto Hurtado. Facultad de Economía y Negocios es_CL
dc.rights Attribution 3.0 Unported es_CL
dc.rights.uri http://creativecommons.org/licenses/by/3.0/ es_CL
dc.subject Entrepreneurial activity es_CL
dc.subject income inequality es_CL
dc.subject institutions es_CL
dc.subject Gini index es_CL
dc.title High Income Inequality as a Structural Factor in Entrepreneurial Activity es_CL
dc.type Artículo es_CL


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