Services on Demand
Journal
Article
Indicators
- Cited by SciELO
- Access statistics
Related links
- Cited by Google
- Similars in SciELO
- Similars in Google
Share
Tendencias
Print version ISSN 0124-8693On-line version ISSN 2539-0554
Abstract
BASILICO, Natalí; GUERRERO CHAPARRO, Ana Karen; LOPEZ MARES, Jesús Eduardo and FIGUEROA, Darío. EFFECTS OF INSTITUTIONS ON THE ENTREPRENEURIAL DYNAMICS OF MERCOSUR DURING THE PERIOD 2002-2017. Tend. [online]. 2022, vol.23, n.2, pp.100-122. Epub July 27, 2022. ISSN 0124-8693. https://doi.org/10.22267/rtend.222302.203.
Entrepreneurship is recognized as an activity capable of generating employment, innovation and economic growth. There are multiple and diverse factors that affect it, among which both formal and informal institutions stand out. Its study is particularly relevant in Latin America, given the strong presence of micro, small and medium enterprises; however, the territorial breadth and heterogeneity of the region makes it difficult to make representative generalizations. For this reason, the effect of institutions on entrepreneurship (by opportunity and necessity) was analyzed in a group of countries of the Southern Common Market (Mercosur), one of the most important integration processes in Latin America, through the estimation of a random effects panel data model. It was found that, during the period 2002-2017, informal institutions had a greater effect on entrepreneurship than formal ones. This situation poses an additional challenge for the region, since the promotion of entrepreneurship as a means of economic growth requires structural changes in cultural and social aspects, the achievement of which is neither simple nor immediate.
JEL: F15; L26; M13; O43; O54
Keywords : Latin America; economic growth; regional development; enterprises; economic integration..