Template-Type: ReDIF-Paper 1.0 Series: Tinbergen Institute Discussion Papers Creation-Date: 2006-11-22 Revision-Date: 2007-11-14 Number: 06-103/3 Author-Name: Peter van der Zwan Author-Email: email@example.com Author-Workplace-Name: CASBEC, Erasmus School of Economics, Erasmus Universiteit Rotterdam, and EIM, Zoetermeer Author-Name: Roy Thurik Author-Email: firstname.lastname@example.org Author-Workplace-Name: CASBEC, Erasmus School of Economics, Erasmus Universiteit Rotterdam, EIM Zoetermeer, Max Planck Institute of Economics, and Vrije Universiteit Amsterdam Author-Name: Isabel Grilo Author-Email: email@example.com Author-Workplace-Name: DG Enterprise, European Commission, GREMARS, Université de Lille 3, and CORE, Université Cath. de Louvain Title: The Entrepreneurial Ladder and its Determinants Abstract: We test a new model where the entrepreneurial decision is described as a process of successive engagement levels, i.e., as an entrepreneurial ladder. Five levels are distinguished using nearly 12,000 observations from the 2004 “Flash Eurobarometer survey on Entrepreneurship” covering the 25 European Union member states and the United States. The most surprising of the many results is that perception of lack of financial support is no obstacle for moving to a higher entrepreneurial engagement level whereas perceived administrative complexity is a significant obstacle. We also show that the effect of age on the probability of moving forward in the entrepreneurial process becomes negative after a certain age implying that if entrepreneurial engagements are not taken early enough in life they may well never be taken.
This discussion paper has resulted in a publication in 'Applied Economics': vol. 42, iss. 17, pp. 2183-91. Classification-JEL: H10; J23; L26; M13; R12 Keywords: entrepreneurship; determinants; nascent entrepreneurship; ordered multinomial logit; Europe File-Url: http://papers.tinbergen.nl/06103.pdf File-Format: application/pdf File-Size: 448255 bytes Handle: RePEc:tin:wpaper:20060103