Entrepreneurial activity in developing countries

Abstract: Modern literature has many research in the field of entrepreneurship, but most of them do not explain the characteristics of entrepreneurial activity in developing countries. Thus, this research uses  regression analysis of panel data for the cross-country analysis of factors influence the level of entrepreneurial activity in 52 developing countries. The paper provides empirical information about the individual characteristics, regulatory standards countries, as well as some macroeconomic indicators. Individual factors (gender, age), indicators of respondents’ self-evaluation and assessment of the environment, in which they are located have a significant impact on entrepreneurial activity in developing economies. In terms of macroeconomic indicators, it was concluded on the positive effects of GDP growth and the lack of impact of unemployment on the level of entrepreneurial activity.