AN APPROACH TO THE FACTORS OF OPPORTUNITY ENTREPRENEURSHIP AND ECONOMIC GROWTH
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Abstract
Globally, there is considerable interest in promoting business creation and entrepreneurship through business promotion policies. The focus is on maximizing the benefits and potential of each country's economic and human resources, with the aim of cultivating an entrepreneurial culture that drives economic development, especially by emphasizing opportunity entrepreneurship. It is postulated that individual and cultural perception factors, together with control variables, play a crucial role in this process.Toanalyze this hypothesis, data from the Global Entrepreneurship Monitor (GEM), the World Bank and the Entrepreneurship Friendly Index (EFI) are used and subjected to multilevel logistic regression analysis. The empirical results highlight the significant relationship between education, perceived skills, media influence and entrepreneur status with the likelihood of participation in opportunity entrepreneurship. These findings support previous research and offer new insights into the interconnection between opportunity entrepreneurship and economic growth. Taken together, these results contribute to existing knowledge, underscoring the importance of considering multifaceted factors in formulating policies and strategies to foster entrepreneurship and stimulate economic development at the national level.
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