Munich Personal RePEc Archive

The formation of new firms: An ordered probit model approach for Latin American and Caribbean Countries

Vélez Ospina, Jorge Andres and Campo Robledo, Jacobo (2014): The formation of new firms: An ordered probit model approach for Latin American and Caribbean Countries. Published in: Documentos de Trabajo , Vol. 24, No. Documentos de Trabajo (2014): pp. 1-18.

[img]
Preview
PDF
4_13244_dt024.pdf

Download (572kB) | Preview

Abstract

The purpose of this paper is to identify the factors that affect the creation of new firms in Latin American countries. We take into consideration economic, political, social and technological factors which should also help governments realize the areas that we found to have the greatest impact. The study relies on data from international organizations from which we construct an Ordered Probit model. The results indicate that credit and government effectiveness enhance the probability of generating new business but it depended of business density

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.