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JOURNAL OF MANAGEMENT POLICY AND PRACTICE

Discrepancies in Entrepreneurship Ratings: A Search for Answers in Costa

Rica, Dominican Republic, and Panama

Author(s): Daniel Thurston, Kaylee Hackney, David J. Boggs

Citation: Daniel Thurston, Kaylee Hackney, David J. Boggs, (2013) "Discrepancies in Entrepreneurship Ratings: A Search for Answers in Costa Rica, Dominican Republic, and Panama," Journal of Management Policy and Practice, Vol. 14, Iss. 4, pp. 63 - 74

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Number of new firms per working-age population is an entrepreneurship measure used by the World

Bank. This rating varies between Central American and Caribbean economies; Panama is rated low,

Dominican Republic medium, and Costa Rica high. This study examines country competitive advantages

in an effort to determine causes of this discrepancy. Regression analysis is performed using Global

Competitiveness Report data to compare Central American and Caribbean countries to 34 other nations.

We find entrepreneurship is related to (1) foreign direct investment, (2) legal rights, (3) property rights,

and (4) strength of the education system. Surprisingly, ease of access to financing is not found to be

significant.