Entrepreneurship can be measured by the creation and growth of enterprises and is increasingly regarded as the driver of regional economic growth. An entrepreneurial region is a region that experiments with new ideas, products, processes or markets, allowing it to renew itself.
This study is the second in a series undertaken by the Institut de la statistique du Québec aiming at defining and measuring entrepreneurship and its main determinants and benefits for Québec, objectives that, for the most part, are in line with those of the OECD’s Entrepreneurship Indicators Programme launched in partnership with Eurostat in 2006. It is the result of a close collaboration between the Institut de la statistique du Québec, the Ministère des Finances et de l’Économie du Québec, Canada Economic Development, and a team of researchers from the Institut de recherche sur les PME (INRPME) of the Université du Québec à Trois-Rivières. This team is composed of Pierre-André Julien, Frédéric Laurin, Josée St-Pierre, and Martin Morin.
The report proposes an econometric model of entrepreneurship determinants in 97 Québec regional county municipalities (RCMs). This model draws connections between about 20 independent variables (entrepreneurship determinant indicators) and two dependent variables (entrepreneurship indicators) in order to retain the most significant explanatory variables.