Pregled bibliografske jedinice broj: 982816
The role of entrepreneurship in explaining the real Gross Domestic Product per capita : regression model selection
The role of entrepreneurship in explaining the real Gross Domestic Product per capita : regression model selection // Croatian Review of Economic, Business and Social Statistics (CREBSS), 2 (2016), 1; 24-38 doi:10.1515/crebss-2016-0007 (međunarodna recenzija, članak, znanstveni)
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Naslov
The role of entrepreneurship in explaining the real Gross Domestic Product per capita : regression model selection
Autori
Harmina, Anita
Izvornik
Croatian Review of Economic, Business and Social Statistics (CREBSS) (1849-8531) 2
(2016), 1;
24-38
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Akaike information criterion ; correlation ; double-logarithmic regression model ; entrepreneurship ; multiple linear regression model
Sažetak
In this research, the impact of total early- stage entrepreneurial activity and competitiveness of the economy on the real gross domestic product (GDP) per capita is analyzed in a cross-section of world economies using the methods of correlation and multiple regression analysis. In the attempt to select between the linear and the double-logarithmic model, the regression diagnostics and quality of the relationship between the dependent and the independent variables were analyzed. The functional form of the model was tested by the MacKinnon, White and Davidson test. Model selection methods regarding the comparison of coefficients of determination and the Akaike information criterion were used. The results of the analysis show that independent variables have a statistically significant impact on the real GDP per capita, and that the real GDP per capita is elastic to the changes of competitiveness but inelastic to the changes of total early-stage entrepreneurial activity.
Izvorni jezik
Engleski
Znanstvena područja
Matematika, Ekonomija
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- EconLit
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