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Publication
Entrepreneurship in secondary and tertiary sectors: The same determinants?
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Abstract(s)
The aim of this study is to test empirically the determinants of entre preneurship (overall and sectoral) in the Portuguese economy. Despite the metho dological limitations inherent in such studies, which are mainly due to the
incompatibility of some series and the temporal limitations of some data, this
challenge is fuelled by the novelty of a cross-sectoral view of the entrepreneurial
phenomenon. For this purpose, we employ an estimation approach based on time series models to confirm (or reject) diverse hypotheses. The main results indicate
that the determinants of entrepreneurship in the industry are significantly different
from the determinants of entrepreneurship in the services sector in Portugal. On the
other hand, the determinants of entrepreneurship in the service sector are very
similar to those explaining the overall entrepreneurial activity, due to the high share
of services in the total economic activity. The main conclusions of the study can
guide institutional decision-makers to adopt adequate policies for promoting
entrepreneurship in Portugal. Additionally, strategic routes are suggested for the
sustainable development of entrepreneurial activity.
Description
Keywords
Development Economics Entrepreneurship Small Business Management