Factores Determinantes Del Emprendimiento En Colombia 2019

Abstract

Entrepreneurship is the process of identifying, developing, and executing an idea, project, or business with the objective of creating value, generating income, and, in many cases, positively impacting society. This research aims to analyze the determinants of entrepreneurship in Colombia in 2019, using data from the Global Entrepreneurship Monitor (GEM) and DANE as primary sources of information. The methodology is descriptive and quantitative, combined with a historical, global, regional, and national literature review based on secondary sources and previous studies. Subsequently, a probabilistic regression model was applied using the Delta method to calculate marginal effects. The results indicate that women have a higher propensity to engage in entrepreneurship. Additionally, young entrepreneurs show greater willingness to start businesses. A positive perception of skills and experience in informal investments are positively associated with the likelihood of undertaking entrepreneurial activities, highlighting the importance of self-efficacy and risk attitude. Moreover, employment status, particularly self-employment, shows a significant positive relationship with entrepreneurship. These findings reinforce the need to implement inclusive public policies focused on strengthening female entrepreneurship through programs that improve the quality and sustainability of women-led businesses, supporting older entrepreneurs with initiatives that leverage their experience and reduce risk aversion, and formalizing informal investments as an effective pathway to entrepreneurship. Furthermore, the study underscores the importance of enhancing skill perception through educational programs and capitalizing on the positive impact of higher education levels on the propensity to engage in entrepreneurship.