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Persistence of Regional Entrepreneurship: Causes, Effects, and Directions for Future Research

Michael Fritsch () and Michael Wyrwich ()

No 2017-003, Jena Economic Research Papers from Friedrich-Schiller-University Jena

Abstract: This paper reviews the empirical evidence of persistent levels of regional self-employment and new business formation and the effect this persistence has on development. It is argued that a regional culture of entrepreneurship plays an important role in explaining persistence of entrepreneurship. We discuss possible explanations for the emergence of a culture of entrepreneurship, and how it becomes self-perpetuating over time. Finally, we draw policy implications and identify some promising avenues for further research.

Keywords: Entrepreneurship; economic development; entrepreneurship culture; institutions (search for similar items in EconPapers)
JEL-codes: L26 R11 O11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ent, nep-geo, nep-ino, nep-sbm and nep-ure
Date: 2017-02-23
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