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A machine learning approach to rural entrepreneurship

Mehmet Güney Celbiş · 2021 · Papers of the Regional Science Association

Summary. Machine learning models trained on Life in Transition Survey data identify key factors associated with rural business success and failure across Eastern Europe and Central Asia. Capital constraints, age, trust levels, awareness of trends, media use, competitive character, institutional support, and education all predict entrepreneurial outcomes with 72–92% accuracy. The findings reveal which personal and structural factors determine whether rural entrepreneurs successfully launch businesses.

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Celbiş, M. G.. (2021). A machine learning approach to rural entrepreneurship. Papers of the Regional Science Association. https://doi.org/10.1111/pirs.12595

Details

DOI
10.1111/pirs.12595
Countries
Netherlands
Regions
Europe
Categories
entrepreneurship, innovation-theory, rural-data-and-definitions
Added
2026-04-28