While there is a long history of studies investigating the effects of oil curse on growth and links thereto via various institutional characteristics like susceptibility to corruption, and macroeconomic policies including exchange rates, only quite rarely have these been extended to entrepreneurship. Even among the relatively few studies that have done so, seldom if ever have such studies examined the effects of changes in the relevant variables over time and to recognize the role of intermediating factors such as various country-level changes in conditions which might be related to the promotion of entrepreneurship.
The purpose of this paper is to examine an ever-wider range of factors which might affect entrepreneurial decisions to start up among relevant individuals in a relatively large panel of countries (55) over the years 2005-2018, taking advantage of the two different high quality data sets provided by the Global Entrepreneurship Monitor (GEM), namely the Adult Population Survey (APS) and the National Expert Survey (NES) as well as a number of other country level measures of relevant factors that change over time taken from the World Bank Statistical Indicators and other commonly used sources.