Social and human capital as determining factors of entrepreneurship in the Spanish Regions
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Social and human capital as determining factors of entrepreneurship in the Spanish RegionsFecha
2013Cita bibliográfica
Neira, I., Portela, M., Cancelo, M. y Calvo, N. (2013). Capital social y humano como determinantes del emprendimiento en las regiones españolas. Journal of Regional Research/Investigaciones Regionales, 26, 115-141.
Resumen
[Abstract]: Entrepreneurship, innovation and creativity are considered key factors of the
economic growth because they usually bring on behaviors aligned with the market
development, productivity and social cohesion. This study aims to analyze the factors
that influence the entrepreneurial role, and provide a better understanding of this
behavior from a dynamic perspective, in order to support policies for encouraging
entrepreneurship. To do this we used the data presented in the report of the Global
Entrepreneurship Monitor (GEM), in its 2011 edition, which is based on an empirical
analysis of a sample of 27.000 Spanish citizens.
The results confirm that the perception of market opportunities, and having the
skills and knowledge required to create new companies are explanatory factors of the
entrepreneurial activity. However, it is also possible to assert that the increase of the
entrepreneurial activity rate motivated by the need of self-employment of the
entrepreneur influences the increase of fear of failure, and this could generate a dynamic
harmful to the business creation in the medium term.
Our model aims to support the decisions of public institutions about the
incentive measures for entrepreneurs. This work contributes to the study of
entrepreneurship and business creation from a multidisciplinary perspective,
incorporating psychological, sociological and economic approaches from a dynamic
perspective. It also allows an in-depth analysis of factors undetected with other
methodologies.
We examined the determining factors of entrepreneurship by estimating a logit
model based on entrepreneur's social capital (networking) and the geographical location
(region) of the business activity. This analysis has shown significant differences of these
factors according to the stage of the entrepreneurial process. These results have let discuss the implications for the entrepreneurial dynamic, in order to support new
policies in favor of entrepreneurship.
ISSN
1695-7253