Factors determining the entrepreneurial consolidation in Latin America

In this paper, we analyze the factors determining the entrepreneurial consolidation in Latin American countries participating in the Global Entrepreruship Monitor project (GEM). We include in our research both the entrepreneur and social characteristics that lead to business consolidation. Our research is based in the analysis of such characteristics in a sample of seven Latin American countries during years 2006 and 2007 by developing a multi-equation model with panel data.