EIM Business & Policy Research
This paper investigates the impact of various entrepreneurial motives and institutional conditions on entrepreneurial aspirations in terms of innovativeness, job growth expectations and export orientation. The authors estimate a two-equation model explaining entrepreneurial motivations and entrepreneurial aspirations, while taking into account the interrelationship between both groups of variables. They use data from the Global Entrepreneurship Monitor (GEM) and find that entrepreneurial aspirations are different for various types of entrepreneurial motives. For example, they find that the increase wealth motive as a prime driver for becoming self-employed is positively related to innovation and growth ambitions, whereas they find no evidence of a relation between the independence motive and entrepreneurial aspirations.