The Effect of Trade Openness and the Growth of Agricultural Sector on the Entrepreneurship Index

The main goal of this study was investigating the effect of the growth of agricultural sector and trade openness level on the stabilized entrepreneurship and new entrepreneurship in selected countries. To do so, the data related to 25 selected countries during the period of
2008-2013 as well as panel data approach used. The assessment results indicated a positive and significant effect of both the variables on the entrepreneurship in the selected countries, such that one percent increase in the trade openness level and agricultural sector growth with a time delay led to 18.30 and 0.06 percent, respectively, positive change in the stabilized entrepreneurship rate, and on the other hand, one percent increase in the trade openness level and agricultural sector growth with a delay led to 16.73 and 0.32 percent, respectively, positive change in the new entrepreneurship rate. Therefore, in order to accomplish entrepreneurship in the agricultural sector, increasing attention toward these two subjects, and eliminating the obstacles facing them should be placed in countries’ agenda.