An investigation into entrepreneurial intentions in Caribbean Small Island Developing States

Mohan, Preeya S.

doi:10.1186/s13731-022-00253-0

Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 6 Probit regression results

From: An investigation into entrepreneurial intentions in Caribbean Small Island Developing States

Variables	(1)	(2)	(3)	(4)	(5)
Age (2)	0.145**	0.134**	0.143**	0.148**	0.135**
	(0.0619)	(0.0620)	(0.0621)	(0.0619)	(0.0623)
Age (3)	0.0753	0.0606	0.0807	0.0830	0.0734
	(0.0671)	(0.0673)	(0.0673)	(0.0671)	(0.0676)
Age (4)	0.0408	0.0224	0.0310	0.0453	0.0204
	(0.0713)	(0.0716)	(0.0717)	(0.0715)	(0.0720)
Age (5)	− 0.140	− 0.145*	− 0.150*	− 0.131	− 0.146*
	(0.0854)	(0.0858)	(0.0860)	(0.0857)	(0.0865)
Age (6)	− 0.591***	− 0.566***	− 0.567***	− 0.587***	− 0.548***
	(0.164)	(0.163)	(0.165)	(0.163)	(0.164)
Gender	0.0682	0.0557	0.0476	0.0669	0.0390
	(0.0442)	(0.0444)	(0.0445)	(0.0443)	(0.0447)
Education (2)	− 0.138	− 0.166	− 0.130	− 0.143	− 0.159
	(0.123)	(0.123)	(0.123)	(0.122)	(0.123)
Education (3)	0.272**	0.227*	0.289**	0.276**	0.251**
	(0.124)	(0.125)	(0.125)	(0.124)	(0.125)
Education (4)	0.232**	0.187*	0.243**	0.235**	0.207*
	(0.111)	(0.111)	(0.112)	(0.111)	(0.112)
Education (5)	0.226*	0.175	0.234**	0.227*	0.190
	(0.116)	(0.117)	(0.117)	(0.116)	(0.117)
Education (6)	0.259**	0.208*	0.286**	0.276**	0.254**
	(0.119)	(0.119)	(0.120)	(0.119)	(0.120)
Employment (2)	− 0.135**	− 0.122**	− 0.138**	− 0.134**	− 0.125**
	(0.0543)	(0.0544)	(0.0545)	(0.0543)	(0.0547)
Employment (3)	− 0.615***	− 0.614***	− 0.606***	− 0.629***	− 0.618***
	(0.0753)	(0.0756)	(0.0758)	(0.0754)	(0.0762)
Income (2)	− 0.168***	− 0.180***	− 0.172***	− 0.172***	− 0.183***
	(0.0644)	(0.0647)	(0.0648)	(0.0644)	(0.0650)
Income (3)	− 0.0798	− 0.0917	− 0.0814	− 0.0732	− 0.0849
	(0.0668)	(0.0671)	(0.0670)	(0.0669)	(0.0672)
Role model		0.0773*			0.0530
		(0.0447)			(0.0451)
Self-confidence		0.166***			0.139***
		(0.0501)			(0.0506)
Risk aversion		− 0.153***			− 0.130**
		(0.0508)			(0.0512)
Entrepreneurial opportunity			0.276***		0.243***
			(0.0436)		(0.0443)
Career choice				0.117**	0.102*
				(0.0527)	(0.0530)
Respected				− 0.00238	− 0.0197
				(0.0503)	(0.0507)
Public media				0.0961*	0.0754
				(0.0509)	(0.0514)
Constant	− 0.604***	− 0.658***	− 0.749***	− 0.764***	− 0.892***
	(0.130)	(0.135)	(0.133)	(0.140)	(0.146)
Observations	5780	5780	5780	5780	5780
Likelihood ratio	846.82	876.51	886.89	858.24	915.54
Log-likelihood	− 2197.929	− 2183.084	− 2177.894	− 2192.223	− 2163.571
Pseudo-R²	0.1615	0.1672	0.1692	0.1637	0.1746
AIC	4435.858	4412.168	4397.789	4430.445	4381.141
BIC	4569.101	4565.398	4537.694	4583.675	4561.02

Source: Author’s compilation based on GEM data
(1) Coefficients reported are the log odds ratio. (2) Robust standard errors in parentheses. (3) *Coefficient is statistically significant at the 10 percent level; **at the 5 percent level; ***at the 1 percent level.(4) Control variables treated as categorical

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