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Table 1 Descriptive statistics

From: The impact of Greenfield investment on domestic entrepreneurship

Name Mean Sd Min Max Description Source
Gdpgrowth 3.82 5.17 − 62.1 123.1 GDP growth rate is expected to have positive influence on either opportunity-based or necessity-based entrepreneurship UNCTAD
Gdpcapita 8.46 1.54 4.72 12.15 GDP per capita, transformed in natural log. Literature suggests the impact is positive on the opportunity entrepreneurship and negative on necessity entrepreneurship UNCTAD
lngreen 6.81 2.65 −1.61 12.41 Greenfield inward investment represents the stock volume expressed in current US dollars, transformed in natural log. Our analysis argues that it will have negative impact on the total entrepreneurial activity UNCTAD
fof 34.13 9.24 12.3 75.4 Fear of failure rate. Percentage of the 18-64 population who agree that they see good opportunities but would not start a business for fear it might fail. GEM
ei 18.73 15.3 0 90.95 Entrepreneurial intentions. Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who are latent entrepreneurs and who intend to start a business within 3 years GEM
Opportunity 7.9 5.35 0.81 31.89 Opportunity-driven entrepreneurship is the percentage of those involved in total early-stage entrepreneurial activity because they spot an opportunity in the market GEM
Necessity 2.96 2.93 0.09 19.55 Necessity-driven entrepreneurship is the percentage of those involved in total early-stage entrepreneurial activity who have no other viable options for licit income GEM
Tea 11.45 7.66 1.48 52.11 Total early-stage entrepreneurship is the percentage of 18-64 population who are either a nascent entrepreneur or owner-manager of a new business GEM