Youth Entrepreneurship and Its Determinants: A Data Analysis with Global Entrepreneurship Monitor

This thesis examines the determinants of youth entrepreneurship in Europe, using data from the Global Entrepreneurship Monitor. Focusing on individuals aged 18-30 from 14 European countries, the study employs binary logistic regression to analyze various factors influencing the likelihood of entrepreneurial engagement. Key findings reveal the positive impact of having a role model, self-perceived knowledge and skills, education, and age on entrepreneurship. Conversely, a perceived lack of market opportunities and fear of failure are negatively associated with entrepreneurial activities. The research contributes to the understanding of youth entrepreneurship, highlighting the importance of mentorship, education, and a supportive environment. The study's implications are significant for policymakers and educators, providing insights for fostering youth entrepreneurship in a rapidly evolving economic landscape. However, limitations include the data's collection year (2019) and challenges in model classification, indicating the need for ongoing research in this dynamic field.