000 01802cam a2200205 4500500
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041 _afre
042 _adc
100 1 0 _aMakosso, Bethuel
_eauthor
245 0 0 _aEntrepreneurship in a Challenging Business Climate: an Analysis of the Macroeconomic Determinants of New-Business Creation in Congo-Brazzaville
260 _c2014.
500 _a12
520 _aThis article analyzes the determining factors in the creation of new enterprises in Congo-Brazzaville in an adverse context characterized by an unfavorable economic environment for business and a high rate of unemployment. By adopting a more global approach using macroeconomic data to grasp the influence of the general economic context on the creation of enterprises, the results of this research indicate that three factors in the macroeconomic environment have a positive influence on the creation of enterprises. These are unemployment, real gross domestic product per capita, and the availability of credit in the economy. Econometric estimates show, however, that unemployment seems to be the most significant macroeconomic variable. These results, taking into account the nature of the enterprises created and the weight of unemployment, show the development of a form of entrepreneurship focused on survival. This suggests a series of policy recommendations concerning the implementation of entrepreneurship support programs.
690 _abusiness creations
690 _aunemployment
690 _aentrepreneurship
690 _amacroeconomic environment
786 0 _nRevue de l’Entrepreneuriat / Review of Entrepreneurship | 12 | 3 | 2014-10-30 | p. 11-31 | 1766-2524
856 4 1 _uhttps://shs.cairn.info/journal-review-of-entrepreneurship-2013-3-page-11?lang=en&redirect-ssocas=7080
999 _c474939
_d474939