Drivers of Agricultural Entrepreneurship in Factor-Driven Economies

Abstract

This piece of research aims to explain the drivers of early-stage entrepreneurship in factor-driven economies and how these are affected by several cognitive factors. This study covers literature on several driving factors of entrepreneurial activity, trying to formulate a framework of determinants of early-stage agricultural entrepreneurial activity. For this purpose, the adult population survey (APS) data of factor-driven economies published by GEM has been used. The selected respondents (848) include those individuals who, alone or with other individuals, presently involved in venture creation, including any self-employment in the agricultural sector. The impact of cognitive and social capital factors on early-stage entrepreneurial activity is measured using logistic regression. The findings suggest that its opportunity perception and self-efficacy, which are the major motivators of early-stage entrepreneurship in developing nations. Also, there are gender biases and age-related negativity with respect to new agri-business creation in developing countries.