Entrepreneurship rates the fuzzy-set approach

A fuzzy-set qualitative comparative analysis is applied to determine the necessary and sufficient conditions for higher entrepreneur rates. Based on Global Entrepreneurship Monitor data, it is shown that the most relevant conditions are Media Attention to Entrepreneurship, as well as Perceived Capabilities and Perceived Opportunities. The non-existence of Fear of Failure is also an important factor in determining higher entrepreneurship rates. When the sample is split, this condition is more important for most developed countries. This can be viewed as relevant information for policymakers to better define their policies to promote entrepreneurship, which is a key to more sustainable growth in countries.

Global Monitor Entrepreneurship Monito - Relatório Executivo 2014/15 EUROACE

Neste estudo analisa-se a situação da atividade empreendedora na EUROREGIÃO EUROACE, que inclui em Portugal o Alentejo e o Centro e em Espanha a Extremadura. As dimensões analisadas compreendem a atividade empreendedora e as suas caraterísticas, os valores, perceções e atitudes empreendedoras, aspirações da atividade empreendedora e o ambiente empreendedor na EUROACE. Os resultados levam a concluir que o ecossistema empreendedor da EUROREGIÃO EUROACE apresenta ainda debilidades importantes face à média dos países europeus cujas economias são baseadas na inovação. Entre as debilidades que deverão ser melhoradas encontram-se as infraestruturas físicas e comerciais, a abertura dos mercados, o apoio ao financiamento das empresas e as políticas governamentais.

Measuring persistence in nominal exchange rate: Implications for Angola’s entrepreneurship and business development

The purpose of this paper is to measure the degree of persistence in the Kwanza to US Dollar exchange rate. First, our results indicate that nominal exchange rates both in levels and in first differences are I(0), thus implying that the relative purchasing power parity hypothesis for Angola is not rejected. Secondly, we find a significant degree of persistence in both the formal and informal nominal exchange rates. Thirdly, the degree of persistence in the official market is significantly lower than in the formal market, while In first differences, persistence in the official exchange rate is substantially higher than in the informal exchange rate. Lastly, we could not find strong evidence that persistence has changed in levels throughout the sample period. By contrast, there is significant evidence that persistence in first differences has consistently increased after September 2003. These results have important policy implications as the National Bank of Angola is preparing to change its monetary and exchange-rate policy focus to a more inflation-targeting regime and to a more a flexible (or low-managed) exchange-rate regime.