Efficient Entrepreneurial Culture in the Context of Portugal and Spain: A Comparative Analysis

Vanessa Berbegal, Alfonso Expósito () and Jose Fernandez-Serrano ()
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Vanessa Berbegal: EUSA University Center
Alfonso Expósito: University of Malaga

A chapter in Context-based Entrepreneurship, 2022, pp 7-27 from Springer

Abstract: Abstract National culture can influence the characteristics of entrepreneurship and, therefore, explain its different effects on income levels. This study aims to analyze the complex interactions between cultural values, entrepreneurship, and income levels in the context of Spain and Portugal. In particular, this study defines and investigates the efficient culture that maximizes income levels and entrepreneurship quality in the country. Specifically, we focus on how Spain and Portugal can achieve this efficient entrepreneurial culture in a comparative analysis with other European countries. For this analysis, we use three international datasets: (a) the Schwartz Value Survey (SVS); (b) the Global Entrepreneurship Monitor (GEM); and (c) the World Bank’s World Development Indicators, and an output-oriented data envelopment analysis (DEA) model. Our findings show that Portugal has the most inefficient entrepreneurial culture among the analyzed European Union countries. Our study has relevant implications for entrepreneurship agents and policymakers, suggesting that it is important to take into account the characteristics of the culture in which entrepreneurship is developed and which cultural values should be modified to achieve higher entrepreneurial quality.

Keywords: Culture; Entrepreneurship; Economic development; Spain; Portugal (search for similar items in EconPapers)
JEL-codes: A13 D61 L26 O52 Z13 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:seschp:978-3-031-05307-8_2

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DOI: 10.1007/978-3-031-05307-8_2

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