An investigation into entrepreneurial intentions in Caribbean Small Island Developing States

Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 8 Probit regression results, marginal effects

Variable	(1)	(2)	(3)	(4)	(5)
Age	− 0.0129***	− 0.0129***	− 0.0128***	− 0.0125***	− 0.0126***
	(0.00328)	(0.00328)	(0.00327)	(0.00329)	(0.00328)
Gender	0.00832	0.00500	0.00403	0.00791	0.00158
	(0.00907)	(0.00905)	(0.00900)	(0.00908)	(0.00902)
Education	0.0123***	0.0103***	0.0131***	0.0129***	0.0118***
	(0.00362)	(0.00363)	(0.00359)	(0.00362)	(0.00362)
Employment status	− 0.0691***	− 0.0671***	− 0.0673***	− 0.0703***	− 0.0667***
	(0.00623)	(0.00623)	(0.00619)	(0.00625)	(0.00623)
Household income	− 0.00908	− 0.0104	− 0.00926	− 0.00850	− 0.00979
	(0.00703)	(0.00703)	(0.00697)	(0.00705)	(0.00699)
Role model		0.0184*			0.0132
		(0.00953)			(0.00947)
Self-confidence		0.0350***			0.0299***
		(0.00966)			(0.00979)
Risk aversion		− 0.0308***			− 0.0262***
		(0.00977)			(0.00986)
Entrepreneurial opportunity			0.0603***		0.0528***
			(0.00941)		(0.00949)
Good career choice				0.0244**	0.0205*
				(0.0105)	(0.0105)
Respected				− 0.00543	− 0.00912
				(0.0106)	(0.0106)
Public media				0.0161	0.0113
				(0.0104)	(0.0104)
Observations	5785	5785		5785	5785
Wald	789.04***	821.62***	831.81***	798.61***	861.23***
Log-pseudo likelihood	− 2227.190	− 2210.898	− 2205.803	− 2222.402	− 2191.096
Pseudo-R²	0.1505	0.1567	0.1586	0.1523	0.1642
Observed probability	0.1684538	0.1684538	0.1684538	0.1684538	0.1684538
Predicted probability (values at mean)	0.1290781	0.1281165	0.126958	0.1292043	0.1265534

Source: Author’s compilation based on GEM data
(1) Coefficients reported are marginal effects. (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