Look at the results in Table 1 below.
Table 1: Culture and Democratic Survival
Dependent variable: Probability of Democratic Survival
Independent variables Muslim majority Catholic majority GDP per capita Growth in GDP per capita Oil producer Effective number of ethnic groups Constant Observations Log-likelihood Robust standard errors in parentheses. "greater than 90% significant; ∗∗ greater than 95% significant; ∗∗ greater than 99% significant. Model 1 −0.46(0.28) −0.41∗(0.20) 0.0001∗∗(0.00003) 0.02∗∗∗(0.01) 0.43(0.31) −0.09∗∗∗(0.05) 1.88∗(0.28) 1784−161.41
-Based on these results, does having a Muslim majority significantly increase, decrease, or have no effect on the likelihood that a democracy will remain a democracy?
Understand the nature of entrepreneurship and its impact on society and the economy.
Recognize the role of innovation and creativity in entrepreneurship.
Identify the characteristics of successful entrepreneurs and entrepreneurial educators.
Understand the importance of a long-term perspective and adaptability in entrepreneurship.
Constant
In financial terms, a fixed value that does not change over the period under consideration, often used in calculating interest and annuities.
Expected Total Return
The sum of all earnings from an investment, including capital gains and dividends, anticipated over a specific period.
Perpetual Preferred Stock
A type of preferred stock with no fixed maturity date, often providing fixed dividend payments indefinitely.
Required Return
Required return is the minimum annual percentage earned by an investment that will induce individuals or companies to put money into a particular security or project.