The Effect of Good Governance as Institutional Quality on Entrepreneurial Motivation in High- and Low-Income Countries

국문 초록 (Abstract)

본 연구는 세계은행의 거버넌스지표(WGIs)의 6개 구성요소가 창업동기에 미치는 영향을 분석하고 그 차이를 밝히고자 하였다. 연구는 2010년부터 2018년에 걸친 86개국의 패널 자료를 이용하여 제도의 질로서 세계은행의 굿거버넌스(good governance)가 기회창업동기와 필요창업동기의 비율로 측정된 바람직한 창업동기에 긍정적인 영향을 미침을 확인하였다. 나아가 고소득국가와 저소득국가의 두 집단 사이에 다양한 제도적 질의 영향력과 그의 상대적 중요성에서 차이가 나는 것을 밝혔다. 연구는 경제발전의 상이한 단계에 따라 그 상황과 맥락에 적합하도록 제도의 질을 개선하고 바람직한 창업동기를 촉진시키는 환경을 구축해야 할 필요가 있다는 정책적 함의를 지닌다.

다국어 초록 (Multilingual Abstract)

This article aims to shed light on the differences in the effects of six constructed governance indices on entrepreneurial motivation. Using an unbalanced panel dataset of 86 countries over 2010–2018, the study finds that good governance as institutional quality measured by WGIs is positively related to a desirable entrepreneurial activity represented by the ratio of opportunity-driven to necessity-driven entrepreneurship. More importantly, relative differences in the importance of institutional quality are found between the two groups of countries, i.e., high-income countries and low-income countries. The study suggests that countries at different stages of economic development find appropriate strategies fit to their situations to improve institutional quality and build environments that foster desirable and productive entrepreneurship.

목차 (Table of Contents)

• Ⅰ. Introduction
• Ⅱ. Background Literature
• Ⅲ. Research Methods and Data
• Ⅳ. Data Analysis and Results
• Ⅴ. Discussion and Conclusion
• References

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