(Universidad Icesi, 2013-10-01) Gómez Sánchez, Diego Fernando; Ramírez Hassan, Andrés; Aparicio, Sebastian
The main objective of this paper is to identify key factors that determine the decision of an individual to
become an entrepreneur in the Medellin Metropolitan Area in 2009. Using models such as Multinomial
Logit and Probit, as well as Sequential Binary Logit, we assess the probability that a person makes an
occupational decision to be an entrepreneur, independent formal, informal or employee, the first state
being the one that has the greatest effect on regional development. The results show us that education, use
of information technologies and telecommunications, and financial capital are the variables that contribute
the most to the probability of being an entrepreneur. These results may add new elements to the public
policy discussion related to entrepreneurship and company growth.
