The Formation of New Firms: An Ordered Probit Model Approach for Latin American and Caribbean Countries

Serie

• Documentos de Trabajo U-Católica

Resumen

• The purpose of this paper is to identify the factors that affect the creation of new firms in Latin American countries. We take into consideration economic, political, social and technological factors which should also help governments realize the areas that we found to have the greatest impact. The study relies on data from international organizations from which we construct an Ordered Probit model. The results indicate that credit and government effectiveness enhance the probability of generating new business, but it depended of business density.

autores

• Campo Robledo, Jacobo
• Vélez Ospina, Jorge Andres

fecha de publicación

• 2014-03

Área temática

• C23 - Modelos uniecuacionales; variables simples: Modelos con datos de panel; Modelos espacio-temporales
• C25 - Modelos de regresión discreta y elección cuantitativa; Regresores discretos; Proporciones; Probabilidad
• M13 - Creación de empresas

Enfoque geográfico

• South America  Continent

Líneas de investigación

• Credit
• Education
• Governance
• Income
• New Business
• Trade

Issue

• 12411