000			01670nab a22001937a 4500
008			160615b2014 xxu||||| |||| 00| 0 eng d
100			_aThai, Mai Thi Thanh
245			_aMacro-level determinants of formal entrepreneurship versus i entrepreneurship _cThai, Mai Thi Thanh.
260			_c2014
300			_a490-510
520			_aBased on the eclectic theory of entrepreneurship, this article analyzes macro-level determinants of national rates of formal versus informal entrepreneurship. Our evaluation of the factors identified in this theory reveals a set of empirically-testable, higher-order determinants: economic opportunities, quality of governance, macro-level resources and abilities, performance-based culture and socially-supportive culture. The results of our analysis obtained through the PLS (partial least squares) approach to structural equation modelling contribute to the entrepreneurship literature by providing an empirically-supported model that shows how formal and informal entrepreneurship are driven differently. This model clarifies the conflicting findings in previous research about the effects of socioeconomic, institutional, and cultural factors on entrepreneurship rates across countries. Finally, by showing the effect of each determinant on formal and informal entrepreneurship, this study has important implications for policymakers as well as businesses.
650			_aMacro-Determinants
650			_aEclectic Theory Of Entrepreneurship
650			_aNational Rates Of Entrepreneurship
650			_aEclectic Theory
650			_aNational Rates
650			_aEntrepreneurship
773			_aJournal of Business Venturing _dJuly
999			_c41525 _d41525