The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany

No 2014-014, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: We use the historical self-employment rate as an indicator of a regional culture of entrepreneurship and link this measure to economic growth in recent periods. The results indicate that German regions with a high level of entrepreneurship in the mid- 1920s have higher start-up rates about 80 years later. Furthermore, we find that the effect of current start-up activity on regional employment is significantly higher in regions with a pronounced entrepreneurial culture. We conclude that a regional culture of entrepreneurship is an important resource for regional growth.

Keywords: Entrepreneurship; economic development; self-employment; new business formation; entrepreneurship culture; institutions (search for similar items in EconPapers)
JEL-codes: L26 O11 R11 (search for similar items in EconPapers)
Date: 2014-04-17
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-geo, nep-gro, nep-his, nep-sbm and nep-ure
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Citations: View citations in EconPapers (16)

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Working Paper: The Effect of Regional Entrepreneurship Culture on Economic Development - Evidence for Germany (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2014-014

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