Impact of Unemployment, Interest Rates, and Economic Growth on Entrepreneurship in Ecuador (2008-2023)
Impacto del Desempleo, Tasas de Interés y Crecimiento Económico en el Emprendimiento en Ecuador (2008-2023)
DOI:
https://doi.org/10.29394/Scientific.issn.2542-2987.2025.10.38.4.94-113Keywords:
economic growth, unemployment, enterprise, socio-economic indicatorsAbstract
Entrepreneurship constitutes a driver of economic development in emerging economies, making it essential to understand the macroeconomic factors that influence entrepreneurial activity. This research aimed to determine the impact of interest rates, unemployment rates, and Gross Domestic Product on the Total Early-Stage Entrepreneurial Activity rate in Ecuador during the period 2008-2023. A quantitative approach was employed using a hypothetical-deductive method and a non-experimental, longitudinal, and correlational-explanatory design, applying a multiple linear regression model to thirteen annual observations obtained from official sources. The results revealed a positive and significant correlation between Gross Domestic Product (GDP) and entrepreneurial activity, with the model explaining 75,3% of the variability. Unemployment showed a significant bivariate correlation, but its effect was subsumed by multicollinearity with GDP. The interest rate did not present a statistically significant relationship. It is concluded that economic growth constitutes the determining macroeconomic factor for entrepreneurial activity in Ecuador, suggesting that entrepreneurship promotion policies should prioritize strategies oriented toward economic growth.
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