Impact of business environment, entrepreneurship and competitiveness indicators on per capita income

Abstract

Many parameters effect on the Gross Domestic Product per capita (GDPPC) index of countries. Including population, population growth rate, natural resources, economic growth, business performance, exports and imports, etc. The main purpose of this study is to investigate the impact of business environment, entrepreneurship, and competitiveness indicators on the GDPPC. For this purpose, 42 countries from around the world have been selected and analyzed between 2013 to 2019. World Bank annual reports, Global Competitiveness Index, Global Entrepreneurship Index, and Doing Business reports were used to collect the data. Also the data analysis was done according to the panel data method using Stata software. The results shows that in general, there is a positive relationship between business environment, entrepreneurship, and competitiveness indicators with GDPPC.