Determining Factors of Youth Entrepreneurship in European Countries Using Porter's Diamond Model.

Abstract

Unemployment is a problem in most European countries and entrepreneurship becomes a key aspect to solve it. However, youth entrepreneurship is uneven by country. The objective of this research is to know the factors that influence youth entrepreneurship in different European countries. The data used make up the different dimensions of the Porter Diamond model. The methodology includes a GLS regression analysis with AR(1) disturbances, very useful for this type of study. Among the main findings, policymakers should promote English as a foreign language in secondary education as well as ICT training. A low perception of corruption will be key to stimulating entrepreneurship among young people.