Table 1

Definitions of variables

LevelVariableDefinitionSource
CountryGender equalityThe level of gender equalityWEF Gender Gap Report (2009–2012)
Social costs of failureStigma of bankruptcy + The depth of credit information (Coverage, scope and accessibility of credit information)Flash Euro Barometer #257 and #354+
World Bank Doing Business (2008–2011)
per capita GDP ppp (t‒1)per capita GDP at purchasing power parity at 2005 $USD (natural log)World Bank WDI (2008–2011)
GDP growth rate (t‒1)GDP growth rate per yearWorld Bank WDI (2008–2011)
Population size (t‒1)Total number of population (log)World Bank WDI (2008–2011)
IndividualEarly-stage entrepreneurship1: individuals engaged in nascent entrepreneurial activity or operating a venture less than 42 months; 0 otherwiseGEM APS (2009–2012)
AgeAge of respondents (Min = 18, Max = 64)GEM APS (2009–2012)
IncomeHousehold income level
one (lowest 33%), two (middle 33%) and three (top 33%)
GEM APS (2009–2012)
EducationRespondent’s education: four (graduate experience), three (post-secondary) and two (secondary). one (no secondary degree)GEM APS (2009–2012)
GenderRespondent’s gender: 1 (male) and 0 (female)GEM APS (2009–2012)

Source(s): Table by authors

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