Association Between Entrepreneurship Ecosystem and Entrepreneurial Behavior & Attitudes

Abstract

Entrepreneurship ecosystem and entrepreneurial behaviour & attitudes are significantly associated with several variables associated with social development, economic development, science & technological development, intellectual property right regime, geographical location, government policies, demographical profile, and cultural aspects of the people. This study creates entrepreneurship ecosystem development index (EEDI) and entrepreneurial behaviour & attitude index (EBAI) to explain the relative performance of entrepreneurship ecosystem and entrepreneurial behaviour & attitudes, respectively. Different indicators associated with entrepreneurship ecosystem and entrepreneurial behaviour & attitudes, respectively used to create EEDI and EBAI. These indicators are recognized as a key element of entrepreneurship ecosystem and entrepreneurial behaviour & attitudes by global entrepreneurship monitor (GEM). Subsequently, it examined the association of estimated EEDI and EBAI by including some relevant indicators as control variables in proposed empirical models.