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Durham University

Research & business

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Publication details for Dr Sebastian Aparicio

Aparicio,S., Urbano,D., Audretsch,D. & Noguera,M. (2019). Female and Male Entrepreneurship During the Economic Crisis: An Institutional Tale of European Countries. Revista de Economía Mundial 51: 163-184.

Author(s) from Durham


This study evaluates the influence of institutions on the probability to
become a woman and man entrepreneur during the recent European economic
crisis. We approach institutional factors affecting entrepreneurial decisions through
a post-materialist value, educational level and unemployment rate. Using data from
the World Values Survey (WVS) and World Development Indicators (WDI) in the
period 2011-2013, we show through Logit models that institutions (educational level
and unemployment rate) exert an effect on the probability of women and men
becoming entrepreneurs. Similar regressions were performed for those individuals
in Central versus Eastern European countries. This distinction might suggest that
the latter might not be pushed by unemployment, while the former do. Different
supportive policies are discussed.