Influence of the macroeconomic environment on business creation in Peru

Mendoza J.C.L. · Contaduria y Administracion (2022) · DOI: 10.22201/fca.24488410e.2022.3242

Resumen

In a scenario of large regional differences in the rate of business creation within Peru, the objective of this study was to specify the variables of the macroeconomic environment that influence business creation at the level of Peruvian departments. In order to do this, econometric regressions were performed with balanced panel data using three methods: ordinary least squares, the fixed effects model, and the random effects model. Through the F test and the Hausman test, the random effects model was chosen as the best. According to this model, business creation is directly influenced by gross domestic product, labor employment, financial credit and public investment spending. In this way, we determined the importance of macroeconomics in the microeconomic context of business creation in Peru.

Instituciones: Universidad Nacional Mayor de San Marcos; Universidad Nacional del Callao