Table A2.

Results of simultaneous equation model female and male commercial entrepreneurship

Female Commercial entrepreneurshipMale Commercial entrepreneurship
Estimationdy/dxEstimationdy/dx
Post-materialism−0.015*** (0.004)−0.006*** (0.002)0.011*** (0.004)0.004*** (0.002)
Altruism0.049** (0.022)0.019** (0.008)0.236*** (0.022)0.093*** (0.008)
Member of a social organization0.139*** (0.013)0.053*** (0.005)0.002 (0.012)0.001 (0.005)
Well-being−0.094*** (0.007)   0.051*** (0.006)   
Constant0.732*** (0.033)-0.242*** (0.032)
Probability0.6070.517
Log likelihood−46220.826−47848.784
LR X2361.15202.90
Pseudo R20.0040.002
 Individual economic well-beingIndividual economic well-being
Female Commercial entrepreneurship0.102 (0.130)      
Male Commercial entrepreneurship      0.221* (0.134)
Commercial entrepreneurship            
Savings1.281*** (0.020)1.249*** (0.022)
Education0.708*** (0.024)0.699*** (0.016)
Age2−0.000*** (0.000)−0.000*** (0.000)
Constant4.430*** (0.052)4.459*** (0.016)
No. Observations6923669236
R2-Adjusted0.1270.127

Notes:

*p <0.10, **p <0.05; ***p <0.01. Corrected standard errors in parentheses

Source: Author’s own work

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