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Regional Entrepreneurial Heritage in a Socialist and a Post-Socialist Economy

Michael Wyrwich ()

No 10-20, DRUID Working Papers from DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies

Abstract: This paper sheds light on regional differences of self-employment in a socialist economy on the eve of its transition toward a market economy and differences with regard to start-up activities after transition. It shows that regions with a long entrepreneurial tradition have higher self-employment rates than regions where these traditions played only a minor role before the introduction of a socialist centrally planned economy. These regions have also higher start-up rates after transition. It seems entirely likely that some regions have a certain entrepreneurial heritage that is an important resource embedded in the region. Even the introduction of socialism did not eradicate or reverse the geography of private sector activity. It is recommended that policy should stimulate and activate region-specific entrepreneurial potentials to attain a sustainable regional development.

Keywords: Entrepreneurial Culture; Transition (search for similar items in EconPapers)
JEL-codes: L26 P25 R11 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cis, nep-cwa, nep-ent and nep-tra
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Citations: View citations in EconPapers (9) Track citations by RSS feed

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Related works:
Journal Article: Regional Entrepreneurial Heritage in a Socialist and a Postsocialist Economy (2012) Downloads
Journal Article: Regional Entrepreneurial Heritage in a Socialist and a Postsocialist Economy (2012) Downloads
Working Paper: Regional Entrepreneurial Heritage in a Socialist and Post-socialist Economy (2011) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:aal:abbswp:10-20

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