Bayesian approach to identify the determinants of innovative entrepreneurship by country
DOI:
https://doi.org/10.18381/eq.vi21i2.7320Abstract
Objective: to outline the determinants of the profile of an entrepreneur with innovative skills in the international arena, involving economic, demographic and motivational characteristics of some OECD countries (developed/underdeveloped). Methodology: the Bayesian average model is used. Results: the Bayesian model by averages shows that women who use new technology, with average income in the country, age between 18-24 years, with foreign-oriented products, with basic education; and focused on the transformation and business sectors, help nations to be more competitive. Limitations: research faced problems with the homogeneity of the data. Originality: it uses a base of 19 countries that had not been used before without differentiating between developing and developed countries in order to associate competitiveness. Conclusions: it was possible to find the determinants of entrepreneurship in a general way based on the characteristics of the results.Downloads
References
Acs, Z. J., Desai, S., & Hessels, J. (2008). Entrepreneurship, economic development and institutions. Small Business Economics, 31(3), 219–234. https://doi.org/10.1007/s11187-
-9135-9
Aghion, P. and Howitt P. (1998) Endogenous Growth Theory. MIT Press. Journal of Environment & Development, 7(3), 325–326. https://doi.org/10.1177/107049659800700313
Aghion, P. (2004). Growth and development: A Schumpeterian approach. Annales of Economics and Finance, 5, 1-25. http://down.aefweb.net/AefArticles/aef050101.pdf
Audretsch, D. B., & Lehmann, E. E. (2005). Does the Knowledge Spillover Theory of Entrepreneurship hold for regions? Research Policy,
(8), 1191–1202. https://doi.org/10.1016/j.respol.2005.03.012
Azar, G., & Ciabuschi, F. (2017). Organizational innovation, technological innovation, and export performance: The effects of innovation radicalness and extensiveness. International Business Review (Oxford, England), 26(2), 324–336. https://doi.org/10.1016/j.ibusrev.2016.09.002
Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. https://doi.org/10.1177/014920639101700108
Bjørnskov, C., & Foss, N. J. (2008). Economic freedom and entrepreneurial activity: Some cross-country evidence. Public Choice, 134(3–4), 307–328. https://doi.org/10.1007/s11127-007-9229-y
Błażejowski, M., Gazda, J., & Kwiatkowski, J. (2016). Bayesian Model Averaging in the Studies on Economic Growth in the EU Regions – Application of the gretl BMA package. Economics & Sociology, 9(4), 168–175. https://doi.org/10.14254/2071-789x.2016/9-4/10
Block, J. H., Fisch, C. O., & van Praag, M. (2017). The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship. Industry and Innovation, 24(1), 61–95. https://doi.org/10.1080/13662716.2016.1216397
Brock, W. A., y Durlauf, S. N. (2001). What have we learned from a decade of empirical research on growth? Growth Empirics and Reality. The World Bank economic review, 15(2), 229–272. https://doi.org/10.1093/wber/15.2.229
Busaibe, L., Singh, S. K., Ahmad, S. Z., & Gaur, S. S. (2017). Determinants of organizational innovation: a framework. Gender in Management An International Journal, 32(8), 578–589. https://doi.org/10.1108/gm-01-2017-0007
Carreón Gutiérrez, J. P. (2021) Preconditions for innovative entrepreneurship in Mexico, Tesis doctoral, Instituto Tecnológico de Estudios Superiores de Monterrey. https://www.proquest.com/openview/7573c65bb8e6d572648c29cb4643173d/1?pq-origsite=gscholar&cbl=18750&diss=y
Cowden, B. J., & Tang, J. (2017). Gender differences and entrepreneurial munificence: The pursuit of innovative new ventures. Journal of Developmental Entrepreneurship: JDE, 22(01), 1750002. https://doi.org/10.1142/s1084946717500029
Crudu, R. (2019). The role of innovative entrepreneurship in the economic development of EU member countries. Journal of Entrepreneurship Management and Innovation, 15(1), 35–60. https://doi.org/10.7341/20191512
DeGroot, M.H. (1970). Optimal Statistical Decisions. New York: Wiley.
Del Bosco, B., Chierici, R. y Mazzucchelli, A. (2019). Fostering entrepreneurship: an innovative business model to link innovation and new venture creation, 13 (junio), 561-574. https://doi.org/10.1007/s11846-018-0318-8
Delmar, F. (2006). Does experience matter? The effect of founding team experience on the survival and sales of newly founded ventures. Strategic Organization, 4 (3), 215–247. https://doi.org/10.1177/14761270060665
Dickel, P., & Eckardt, G. (2021). Who wants to be a social entrepreneur? The role of gender and sustainability orientation. Journal of Small Business Management, 59(1), 196–218. https:// doi.org/10.1080/00472778.2019.1704489 The Executive Office of the President (2015) Making in America: U.S. manufacturing entrepreneurship and innovation, Washington, D.C.: The White House. ISBN 978-1507826348
Favré-Bonte, V. y Giannelloni J-L. (2007). L’influence des caractéristiques de personnalité du dirigeant de PME sur la performance à l’export (The influence of the personality
characteristics of the SME’s manager on its export performance). XVIème Conférence Internationale de Management Stratégique, Montréal. https://www.strategie-aims.com/conferences/7-xvieme-conference-de-l-aims/communications/2126-linfluence-des-caracteristiques-de-personnalite-du-dirigeant-de-pme-sur-la-performance-a-lexport/download
Fernández, C., Ley, E., & Steel, M. F. J. (2001). Benchmark priors for Bayesian model averaging. Journal of Econometrics, 100(2), 381–427. https://doi.org/10.1016/s0304-4076(00)00076-2
García Flores, J. M. y Ángeles Castro, G. (2023). The profile of the innovative entrepreneur in Mexico. Contaduría y Administración, 68 (2), 22-47. http://dx.doi.org/10.22201/
fca.24488410e.2023.3029
Global Entrepreneur Monitor (GEM) (2021). Entrepreneurial behaviour and attitudes. https://www.gemconsortium.org/data/sets?id=aps
Grilli, L. (2022). Entrepreneurship and new product development: Exploring the “advantage of youth” and “business acumen” views. The Journal of Product Innovation Management, 39(5), 662–685. https://doi.org/10.1111/jpim.12625
Guerrero, M., Urbano, D., Cunningham, J. A. y Gajón, E. (2018). Determinants of graduates’ start-ups creation across a multi-campus entrepreneurial university: The case of Monterrey Institute of Technology and Higher Education. Journal of Small Business Management, 56 (1), 150-178. https://doi.org/10.1111/jsbm.12366
Guerrero, M y Urbano, D. (2021). Looking inside the determinants and the effects of entrepreneurial innovation projects in an emerging economy. Industry and Innovation, 28 (3), 365- 393. https://doi.org/10.1080/13662716.2020.1753021
Henley, A., & Song, M. (2020). Innovation, internationalisation and the performance of microbusinesses. International Small Business Journal, 38(4), 337–364. https://doi.org/10.1177/0266242619893938
Hessels, J., van Gelderen, M., & Thurik, R. (2008). Entrepreneurial aspirations, motivations, and their drivers. Small Business Economics, 31(3), 323–339. https://doi.org/10.1007/s11187-008-9134-x
Hoang, N., Nahm, D., & Dobbie, M. (2021). Innovation, gender, and labour productivity: Small and medium enterprises in Vietnam. World Development, 146(105619), 1-12. https://doi.org/10.1016/j.worlddev.2021.105619
Hudek, I. y Hojnik, B. B. (2020). Impact of entrepreneurship activity sustainable development. Ekorozwoju, 15 (2), 175-183. https://yadda.icm.edu.pl/baztech/element/bwmeta1.element.baztech-129bcc2d-f196-4e32-9cdc-03a54a1d0b0b
Kaldor, N. (1966) Causes of the slow rate of economic growth of the United Kingdom. An inaugural lecture. London, Cambridge university press. [reseña] Recherches Economiques de Louvain, 34(2), 222–222. https://doi.org/10.1017/s0770451800040616
Kaldor, N. (1967). Strategic factors in economic development. Ithaca, NY: Cornell University. School of Industrial and Labor Relations.
Koellinger, P. (2008). Why are some entrepreneurs more innovative than others? Small Business Economics, 31(1), 21–37. https://doi.org/10.1007/s11187-008-9107-0
Koop, G. (2003). Bayesian econometrics. New York: Wiley.
Kunday, Ö., & Şengüler, E. P. (2015). A study on factors affecting the internationalization process of small and medium enterprises (SMEs). Procedia, Social and Behavioral Sciences, 195, 972–981. https://doi.org/10.1016/j.sbspro.2015.06.363
Lamotte, O., & Colovic, A. (2014). Innovation and internationalization of young entrepreneurial firms. Management international, 18(1), 87–103. https://doi.org/10.7202/1022222ar
Leal-Rodríguez, A. L., Albort-Morant, G., & Martelo-Landroguez, S. (2017). Links between entrepreneurial culture, innovation, and performance: The moderating role of family firms. International Entrepreneurship and Management Journal, 13(3), 819–835. https://doi.org/10.1007/s11365-016-0426-3
Liberda, B. y Zajkowska, O. (2017). Innovation and entrepreneurship policies and gender equity. International Journal of Contemporary Management, 16(1), 37-59. https://doi.org/10.4467/24498939ijcm.17.002.7046
Liñán, F., Fernández-Serrano, J., & Romero, I. (2013). Necessity and Opportunity Entrepreneurship: The Mediating Effect of Culture. Revista de Economía Mundial, (33), 21-47. https://www.redalyc.org/pdf/866/86626373002.pdf
López, J., y Ruiz-Ruano, A. M. (2015). Modelado de la intención emprendedora con redes bayesianas. Revista De Psicología, 23(2), 71-87. https://doi.org/10.5354/0719-0581.2014.36149
Loué, C. (2018). Firms and internationalization: an approach based on the skills and the profile of the entrepreneur. Journal of Small Business & Entrepreneurship, 30(5), 345–374. https://doi.org/10.1080/08276331.2018.1459013
Lucas, R. E., Jr. (1988). On the mechanics of economic development. En su: Lecturas sobre crecimiento económico (pp. 43-102). Bogotá: Norma; Universidad de los Andes. https://doi.org/10.1016/0304-3932(88)90168-7
Madigan, D., York, J. y Allard, D. (1995). Bayesian graphical models for discrete data. International Statistical Review, 63(2), 215–232. https://doi.org/10.2307/1403615
Malerba, F., & McKelvey, M. (2020). Knowledge-intensive innovative entrepreneurship integrating Schumpeter, evolutionary economics, and innovation systems. Small Business Economics, 54(2), 503–522. https://doi.org/10.1007/s11187-018-0060-2
Marques, H. (2019). Export activity, innovation and institutions in Southern European nascent entrepreneurship. Economics The Open-Access Open-Assessment E-Journal, 13(1). https://doi.org/10.5018/economics-ejournal.ja.2019-53
Martínez Velázquez, N. y Dutrénit Bielous, G. (2019). Naturaleza de la innovación y modelo de negocios en el emprendimiento innovador. Problemas del desarrollo, 50(199), 59-85. https://doi.org/10.22201/iiec.20078951e.2019.199.67649
Matulová, P. (2020). Development of start-up companies: Empirical study of key determinants. En P. Maresova, P. Jedlicka, K. Firlej, & I. Soukal (Eds.), Hradec Economic Days. University of Hradec Kralove.
Madigan, D., York, J., & Allard, D. (1995). Bayesian graphical models for discrete data. Revue internationale de statistique [International statistical review], 63(2), 215. https://doi.org/10.2307/1403615
Parker, S. C. (2018). The economics of entrepreneurship (2a ed.). Cambridge University Press. ISBN en línea: 9781316756706. https://doi.org/10.1017/9781316756706
Peris-Ortiz, M., Ferreira, J. J. M., & Fernandes, C. I. (2018). Do Total Early-stage Entrepreneurial Activities (TEAs) foster innovative practices in OECD countries? Technological Forecasting and Social Change, 129, 176–184. https://doi.org/10.1016/j.techfore.2017.07.005
Portuguez Castro, M., Ross Scheede, C., & Gómez Zermeño, M. G. (2020). Entrepreneur profile and entrepreneurship skills: Expert’s analysis in the Mexican entrepreneurial ecosystem. International Conference on Technology and Entrepreneurship - Virtual (ICTE-V), San Jose, CA. pp. 1-6. https://doi.org/10.3390/su11205597
Romer, P. M. (1994). The origins of endogenous growth. The Journal of Economic Perspectives: A Journal of the American Economic Association, 8(1), 3–22. https://doi.org/10.1257/jep.8.1.3
Romero, I., & Martínez-Román, J. A. (2012). Self-employment and innovation. Exploring the determinants of innovative behavior in small businesses. Research Policy, 41(1), 178–189. https://doi.org/10.1016/j.respol.2011.07.005
Ruiu, G., & Breschi, M. (2019). The effect of aging on the innovative behavior of entrepreneurs. Journal of the Knowledge Economy, 10(4), 1784–1807. https://doi.org/10.1007/
s13132-019-00612-5
Saridakis, G., Idris, B., Hansen, J. M., & Dana, L. P. (2019). SMEs’ internationalisation: When does innovation matter? Journal of Business Research, 96, 250–263. https://doi.org/10.1016/j.jbusres.2018.11.001
Sastre-Castillo, M. A., Peris-Ortiz, M., & Danvila-Del Valle, I. (2015). What is different about the profile of the social entrepreneur? Nonprofit Management & Leadership, 25(4), 349–369. https://doi.org/10.1002/nml.21138
Schwab Klaus (2019). The Global Competitiveness Report 2019. World Economic Forum. Consultado en marzo 2023. https://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf
Schoonhoven, C. B., Eisenhardt, K. M., & Lyman, K. (1990). Speeding products to market: Waiting time to first product introduction in new firms. Administrative science quarterly, 35(1), 177. https://doi.org/10.2307/2393555
Sorgner, A., Fritsch, M., & Kritikos, A. (2017). Do entrepreneurs really earn less? Small Business Economics, 49(2), 251–272. https://doi.org/10.1007/s11187-017-9874-6
Stoica, O., Roman, A., & Rusu, V. D. (2020). The nexus between entrepreneurship and economic growth: A comparative analysis on groups of countries. Sustainability, 12(3), 1186. https://doi.org/10.3390/su12031186
Suárez, D., Fiorentin, F., & Erbes, A. (2020). Dime cómo creces y te diré cómo inviertes. El impacto de la I+D, los recursos humanos y los sistemas de innovación en el crecimiento económico: una comparación internacional. Revista Brasileira de Inovação, 19, e020009 https://doi.org/10.20396/rbi.v19i0.8656668
Talavera, M. F. P., & Arroyo, J. A. M. (2020). Efecto de la Innovación sobre el Crecimiento Económico de México: Análisis Empírico con el Modelo de
Crecimiento Endógeno de Romer. Universidad Michoacana de San Nicolás de Hidalgo, Facultad de Contaduría y Ciencias Administrativas. Revista de la Facultad de Contaduría y Ciencias Administrativas. 5(9), 1-11. https://ideas.repec.org/a/msn/rfjrnl/v5y2020i9p1-11.html
Thébaud, S. (2010). Gender and entrepreneurship as a career choice: Do self-assessments of ability matter? Social psychology quarterly, 73(3), 288–304. https://doi.org/10.1177/0190272510377882
Thirlwall, A. P. (1979). The balance of payments constraint as an explanation of the international growth rate differences. Banca Nazionale del Lavoro, Quarterly Review, 32 (128), 45-53. https://doi.org/10.13133/2037-3643/12804
Verheul, I., Uhlaner, L., & Thurik, R. (2005). Business accomplishments, gender and entrepreneurial self-image. Journal of Business Venturing, 20(4), 483–518. https://doi.org/10.1016/j.jbusvent.2004.03.002
Wennekers, S., Van Wennekers, A. Thurik, R. y Reynolds, P. (2005). Nascent entrepreneurship and the level of economic development. Small Business Economics, 24 (3), 293-309. https:// doi.org/ 10.1007 / s11187-005-1994-8
Xie, Z., & Li, J. (2013). Internationalization and indigenous technological efforts of emerging economy firms: The effect of multiple knowledge sources. Journal of International Management, 19(3), 247–259. https://doi.org/10.1016/j.intman.2013.02.006
Zellner, A. (1986). On assessing prior distributions and Bayesian regression analysis with g-prior distributions. En P. K. Goel y A. Zellner (eds.): Bayesian Inference and Decision Techniques: Essays in Honor of Bruno de Finetti; Amsterdam: North-Holland.
Zeugner, S., & Feldkircher, M. (2015). Bayesian model averaging employing fixed and flexible priors: The BMS package for R. Journal
of Statistical Software, 68, 1-37. https://doi.org/10.18637/jss.v068.i04
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 José Manuel García Flores
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
El contenido publicado en EconoQuantum se encuentra bajo una Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.