Environmental factors and entrepreneurial activity in Latin America

Claudia Álvarez, David Urbano

    Research output: Contribution to journalArticleResearchpeer-review

    85 Citations (Scopus)


    The main purpose of this paper is to analyze the influence of environmental factors on entrepreneurial activity, focusing on Latin America, and using the institutional approach as theoretical framework. Through a panel data model with information from the Global Entrepreneurship Monitor and Doing Business, we demonstrate that informal institutions, such as political stability, control of corruption and role models are related to the entrepreneurial activity. Likewise, contrary to the expected results, formal institutions, such as procedures and time for starting a new business, and business and entrepreneurial skills, do not have a significant influence on entrepreneurship in Latin American countries.
    Original languageEnglish
    Pages (from-to)31-45
    JournalAcademia Revista Latinoamericana de Administracion
    Issue number48
    Publication statusPublished - 1 Jan 2011


    • Entrepreneurial activity
    • Entrepreneurship
    • Global entrepreneurship monitor (GEM)
    • Institutional economics
    • Latin America


    Dive into the research topics of 'Environmental factors and entrepreneurial activity in Latin America'. Together they form a unique fingerprint.

    Cite this