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Efficient entrepreneurial culture: a cross-country analysis of developed countries

José Fernández-Serrano (), Vanessa Berbegal (), Francisco Velasco () and Alfonso Expósito ()
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José Fernández-Serrano: University of Seville
Vanessa Berbegal: EUSA University Center
Francisco Velasco: University of Seville
Alfonso Expósito: University of Seville

International Entrepreneurship and Management Journal, 2018, vol. 14, issue 1, No 9, 105-127

Abstract: Abstract Entrepreneurship, together with national cultural values, may improve a country’s GDP levels. Under this hypothesis, the aim of this paper is to analyse the relationships between the levels of entrepreneurship, cultural values, and of GDP per capita in a sample of 27 developed countries, by identifying an efficient combination of culture and entrepreneurship variables, under the concept of efficient entrepreneurial culture, that maximises GDP per capita. Through the application of Data Envelopment Analysis (DEA) methodology, nine countries have been identified as having an efficient entrepreneurial culture. The implications derived for policy-makers are substantial, since a better understanding of cultural effects on entrepreneurship can lead to improvements in the design of governmental programmes that foster cultural values related to high-quality entrepreneurship.

Keywords: Cultural values; Entrepreneurship; Economic development; Developed countries (search for similar items in EconPapers)
Date: 2018
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