Early Entrepreneurial Activity in South American Countries:  A Study from its Economic Dynamics

Gabith Miriam Quispe  Fernández; José Miguel  Giner-Pérez; Edgar Anibal  Rodriguez; Victor Dante Ayaviri  Nina

doi:10.36941/jesr-2024-0088

Authors

Gabith Miriam Quispe Fernández Universidad Nacional de Chimborazo (UNACH), Riobamba, Ecuador
José Miguel Giner-Pérez Departamento de Economía Aplicada y Política Económica, Universidad de Alicante, España
Edgar Anibal Rodriguez Facultad de Ciencias Políticas y Administrativas, Universidad Nacional de Chimborazo (UNACH), Riobamba, Ecuador
Victor Dante Ayaviri Nina Centro de Investigación para la Innovación y Desarrollo Regional (CIIDER), Universidad Nacional de Chimborazo (UNACH), Riobamba, Ecuador

DOI:

https://doi.org/10.36941/jesr-2024-0088

Keywords:

GDP, early entrepreneurial activity, entrepreneurship, business

Abstract

The early entrepreneurial activity (TEA) gathers the characteristics of the entrepreneurial dynamics of each country. This study addresses the situation of the countries of South America in order to identify the relationship between economic activity and macroeconomic stability with the TEA and the established enterprises. For this, data from the Global Entrepreneurship Monitor is used, the period includes 2008 to 2017 due to their availability, and a particular exercise for the Bolivian case. The autoregressive model with distributed delays (ARDL) is used for analysis, with the goal of establishing the short and long-term effects between study variables. The results establish an important relationship between economic activity and macroeconomic stability with early entrepreneurial activity. Showing that in the long-term GDP per capita, inflation and vulnerable employment are positively related to the TEA, however, in the short-term GDP per capita is the only significant variable with the TEA.

Received: 2 May 2024 / Accepted: 21 June 2024 / Published: 5 July 2024