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A Systems View Across Time and Space

Table 7 Probit regression results

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

Variable

(1)

(2)

(3)

(4)

(5)

Age

− 0.0613***

− 0.0617***

− 0.0617***

− 0.0594***

− 0.0605***

 

(0.0156)

(0.0157)

(0.0157)

(0.0157)

(0.0158)

Gender

0.0395

0.0239

0.0194

0.0375

0.00760

 

(0.0429)

(0.0431)

(0.0432)

(0.0430)

(0.0434)

Education

0.0586***

0.0494***

0.0629***

0.0614***

0.0569***

 

(0.0172)

(0.0174)

(0.0173)

(0.0172)

(0.0175)

Employment status

− 0.328***

− 0.321***

− 0.324***

− 0.334***

− 0.321***

 

(0.0305)

(0.0306)

(0.0307)

(0.0305)

(0.0308)

Household income

− 0.0431

− 0.0496

− 0.0445

− 0.0403

− 0.0472

 

(0.0334)

(0.0336)

(0.0335)

(0.0335)

(0.0337)

Role model

 

0.0868*

  

0.0630

  

(0.0445)

  

(0.0448)

Self-confidence

 

0.174***

  

0.148***

  

(0.0496)

  

(0.0502)

Risk aversion

 

− 0.153***

  

− 0.130**

  

(0.0505)

  

(0.0508)

Entrepreneurial opportunity

  

0.283***

 

0.249***

   

(0.0433)

 

(0.0439)

Career choice

   

0.119**

0.101*

    

(0.0523)

(0.0526)

Respected

   

− 0.0256

− 0.0436

    

(0.0499)

(0.0503)

Public media

   

0.0772

0.0551

    

(0.0506)

(0.0510)

Observations

5785

5785

 

5785

5785

Likelihood ratio

789.04***

821.62***

831.81***

798.61***

861.23***

Log-likelihood

− 2227.190

− 2210.898

− 2205.803

− 2222.402

− 2191.096

Pseudo-R2

0.1505

0.1567

0.1586

0.1523

0.1642

AIC

4474.379

4447.795

4433.606

4470.804

4416.192

BIC

4541.004

4534.408

4506.894

4557.417

4529.455

  1. Source: Author’s compilation based on GEM data
  2. (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 continuous