RT Journal Article
T1 Re-Evaluating the Relationship Between Economic Development and Self-Employment, at the Macro-Level: A Bayesian Model Averaging Approach
A1 Rodríguez Santiago, Ana María
AB We re-evaluate the relationship between stages of economic development and entrepreneurship, at the macrolevel. We first conduct a literature review of previous empirical research on cross-country determinants ofentrepreneurship in order to put our contribution in perspective. To circumvent problems related to modeluncertainty we use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economicgrowth in a new dataset of 117 countries in the 2005-2019 period, allowing fixed effects and investigating theexistence of heterogeneity allowing interactions of our focus variable with other regressors. Our empiricalanalysis then shows that the variation of self-employment rates across countries are mainly determinedby variations in the unemployment, the stage of economic development and the variations in labor marketfrictions. When interactions are taken into account, results confirm that there is a differential effect of labormarket frictions in countries with different levels of income. Frictions in labor market may encourage becomingself-employed in richer countries.
PB Universidad Internacional de La Rioja
SN 1989-1660
YR 2022
FD 2022
LK http://hdl.handle.net/10272/21217
UL http://hdl.handle.net/10272/21217
LA eng
NO Rodriguez-Santiago, A. (2022). Re-Evaluating the Relationship Between Economic Development and Self-Employment, at the Macro-Level: A Bayesian Model Averaging Approach. In International Journal of Interactive Multimedia and Artificial Intelligence (Vol. 7, Issue 3, p. 20). Universidad Internacional de La Rioja. https://doi.org/10.9781/ijimai.2022.01.007
DS Repositorio Institucional de la Universidad de Huelva
RD 13 jun 2026