Note(s): Standard errors in parentheses

***p < 0.01, **p < 0.05, *p < 0.1

Dependent variable: a dummy variable, either a respondent is involved or not in early-stage entrepreneurial activity (0 = No, 1 = Yes). Independent variables: The current age of the respondents (in years) (Age), UN harmonized educational attainment (Education), The gender of the respondent (0 = male, 1 = female) (Gender), The percentage people with age more than 10 years who access internet in the last 3 month based on province within service industry (Internet), Skilled construction worker at province level (Construction worker), Natural logarithm foreign direct investment realization by Province (million US$) (Ln Investment), Percentage non-performing loan to total amount of loan in large conventional banks at province level (NPL), Percentage non-performing financing to total amount of financing in large Islamic banks at province level (NPF), Population density per sq.km by province (Population density), Natural logarithm per capita gross regional domestic product at current market prices by Province (thousand rupiahs) (Ln GDP), Natural logarithm sum of Islamic primary school, Islamic junior high school, and Islamic senior high school at province level (Ln Islamic school), Natural logarithm Islamic seminary school (pesantren) by province (Ln Islamic seminary). Model 13 and 14 are estimated using ivprobit regression