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Entrepreneurial Culture, Regional Innovativeness and Economic Growth

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  • Sjoerd Beugelsdijk

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Abstract

This paper presents the results of an empirical study on the relationship between entrepreneurial culture, regional rates of innovation and regional economic growth. Recent literature mainly in regional science and economic geography has emphasized the role of an entrepreneurial culture in explaining the economic success of regions. Most of these contributions are however conceptual or case-based. Building on Leibenstein’s view of the entrepreneur as the ‘input completer’ and the Austrian school in which entrepreneurial activity is attributed a central role I hypothesize that regions which can be characterized as having an entrepreneurial culture are more innovative and grow faster. I use a standard economic growth model and test this hypothesis on a sample of 54 European regions. The results confirm the importance of an entrepreneurial culture. Keywords: entrepreneurship, culture, innovation, regional economic growth JEL code: Z1, R11

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa04p210.

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Date of creation: Aug 2004
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Handle: RePEc:wiw:wiwrsa:ersa04p210

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Citations

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Cited by:
  1. Joern Block & Roy Thurik & Haibo Zhou, 2013. "What turns knowledge into innovative products? The role of entrepreneurship and knowledge spillovers," Journal of Evolutionary Economics, Springer, vol. 23(4), pages 693-718, September.
  2. Foreman-Peck, James & Zhou, Peng, 2009. "The Strength and Persistence of Entrepreneurial Cultures," Cardiff Economics Working Papers E2009/32, Cardiff University, Cardiff Business School, Economics Section, revised Aug 2010.
  3. Erik Stam, 2009. "Entrepreneurship, Evolution and Geography," Papers on Economics and Evolution 2009-07, Max Planck Institute of Economics, Evolutionary Economics Group.
  4. Niels Bosma & Veronique Schutjens, 2011. "Understanding regional variation in entrepreneurial activity and entrepreneurial attitude in Europe," The Annals of Regional Science, Springer, vol. 47(3), pages 711-742, December.
  5. Katharina Pijnenburg, 2013. "Self-Employment and Economic Performance: A Geographically Weighted Regression Approach for European Regions," Discussion Papers of DIW Berlin 1272, DIW Berlin, German Institute for Economic Research.
  6. Ibrahim, Gamal & Galt, Vaughan, 2011. "Explaining ethnic entrepreneurship: An evolutionary economics approach," International Business Review, Elsevier, vol. 20(6), pages 607-613.
  7. E. Stam & J.G. Lambooy, 2012. "Entrepreneurship, Knowledge, Space, and Place: Evolutionary Economic Geography meets Austrian Economics," Working Papers 12-11, Utrecht School of Economics.
  8. Terrence Sebora & Sang Lee & Nittana Sukasame, 2009. "Critical success factors for e-commerce entrepreneurship: an empirical study of Thailand," Small Business Economics, Springer, vol. 32(3), pages 303-316, March.
  9. Wyrwich, Michael, 2013. "Can socioeconomic heritage produce a lost generation with regard to entrepreneurship?," Journal of Business Venturing, Elsevier, vol. 28(5), pages 667-682.
  10. Michael Wyrwich, 2013. "Ready, set, go! Why are some regions entrepreneurial jump-starters?," Jena Economic Research Papers 2013-037, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  11. Michael Fritsch & Michael Wyrwich, 2012. "The Long Persistence of Regional Entrepreneurship Culture: Germany 1925 - 2005," Discussion Papers of DIW Berlin 1224, DIW Berlin, German Institute for Economic Research.
  12. Michael Fritsch, 2012. "Methods of analyzing the relationship between new business formation and regional development," Jena Economic Research Papers 2012-064, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.

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