Entrepreneurial Intentions in the Caribbean: Antecedents and Variations

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Increasingly, researchers and policy makers across the globe explore the transformative role of entrepreneurship in the development process. What remains relatively under interrogated in this process is the issue of entrepreneurial intentions within the Caribbean region. Where entrepreneurial intentions play a pivotal role in future entrepreneurial activity, this area of research can provide useful insights for development policy and practice. Considering the above, three main objectives guide this paper. Firstly, we comparatively examine the entrepreneurial intentions drawn from adult populations across Barbados, Jamaica and Trinidad and Tobago. Secondly, we assess the relative importance of entrepreneurial skills, knowledge, and opportunity to entrepreneurial intentions. Thirdly, we also explore for possible socio[1]demographic variations (specifically based on sex, age, level of educational attainment, and type of current profession or career) in the levels of entrepreneurial intentions. To do this, we utilize available raw data from the Global Entrepreneurship Monitor (GEM) survey for the Caribbean countries. We use this data set to test for the relative significance of key antecedent variables for understanding entrepreneurial intentions. Point to variability in the relationship between attitudinal factors, socio-demographic backgrounds, and entrepreneurial intentions between countries in the study. Implications for a more contextualized theorizations of entrepreneurial intentions are discussed.

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A study was conducted to assess the relationship between country-level entrepreneurial activity and individuals’ perceived abilities, subjective norm and intentions to pursue entrepreneurship. The theory of planned behaviour and the Global Entrepreneurship Monitor (GEM) conceptual model are used to formulate hypotheses concerning factors that influence the level of societies’ entrepreneurial intentions and activity in 43 countries included in the GEM 2010 study, as well as factors that influence the level of entrepreneurial intentions in Croatia from 2003 to 2011. In the analyzed GEM countries, the results confirm that antecedents to entrepreneurial intentions, as defined by the theory of planned behaviour, have a significant impact on entrepreneurial intentions which, in turn, significantly influence entrepreneurial activity. The results for Croatia were mixed. Subjective norm had a limited relationship with intentions while perceived behavioural control did.

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