Why Do Some Nations Succeed While Others Fail? The Role of Culture and Regulations in Entrepreneurship and Innovation

Diego Gomez, Sebastian Aparicio and David Urbano
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Diego Gomez: Fundación ECSIM
David Urbano: Universitat Autònoma de Barcelona

Chapter 4 in Driving Complexity in Economic Development, 2023, pp 101-135 from Springer

Abstract: Abstract The theories of exogenous growth that prevailed in the first half of the twentieth century provided a fundamental understanding of countries’ growth process, establishing capital as the fundamental axis in this process. However, through literature analysis and empirical evidence, this chapter demonstrates that the fundamental factors in the growth process are technological progress, education, and specialization but fundamentally entrepreneurship. Countries with improvements in these indicators, such as Singapore, South Korea, Ireland, and Japan, have been able to achieve economic success.

Keywords: Entrepreneurship; Innovation; Culture; Economic development (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-34386-5_4

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DOI: 10.1007/978-3-031-34386-5_4

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