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

Michael Fritsch () and Michael Wyrwich

No 1411, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

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)
Pages: 35 pages
Date: 2014-04, Revised 2014-04
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-geo, nep-his, nep-sbm and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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http://econ.geo.uu.nl/peeg/peeg1411.pdf Version April 2014 (application/pdf)

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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:egu:wpaper:1411

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