DETERMINANTS OF THE PREVALENCE OF UNICORNS : A panel data analysis

• Main Author: Vertua, Stefano
• Format: Others
• Language: English
• Published: Umeå universitet, Nationalekonomi 2021
• Subjects: Economics; Nationalekonomi
• Online Access: http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-188020

The objective of this study is to find out the determinants of the prevalence of unicorns per Country. In order to do that, I have collected data from 45 countries in two time periods: from 2010 until 2018 and from 2019 until April 2021. The independent variables used are the GDP per capita, the ease of doing business, the network readiness index, global innovation index and the expenditure on R&D as a percentage of the GDP. The analysis was carried out using panel data. The main results were that the expenditure on r&d is, by a large margin, the factor that contributes the most to the number of unicorns per capita. It is followed by the global innovation index and the GDP per capita.