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Role of Entrepreneurial Culture as the Driver of Economic Growth

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  • P. Eko Prasetyo

    (Department of Economic Development, Faculty of Economics, UNNES, Alamat, Gedung L2 Kampus FE UNNES Sekaran Semarang, Indonesia)

Abstract

The role and function of entrepreneurial culture get more important and is the main driver of sustainable regional and national economic growth in Indonesia. The specific purpose of this article is to explain the role of entrepreneurial culture as the driver of regional economic growth in Central Java, Indonesia. For the purpose of this research, a survey for primary data and recursive model of path analysis are employed. The research results show positive and significance influence of entrepreneurial culture and network as well as competition on regional economic growth. With the principle of tuna satak bati sanak culture as the basic behavioral pattern of their business, the social entrepreneurial network and entrepreneurial culture in the research area are strengthened. Therefore, with support of entrepreneurial culture, the growth of entrepreneurship in Indonesia will serve more to be the main driver of sustainable economic growth.

Suggested Citation

  • P. Eko Prasetyo, 2019. "Role of Entrepreneurial Culture as the Driver of Economic Growth," International Journal of Economics and Financial Issues, Econjournals, vol. 9(3), pages 237-243.
    • Handle: RePEc:eco:journ1:2019-03-24
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    Cited by:

    1. Sue Abdinnour & Sesan Oluseyi Adeniji, 2023. "Empirical analysis of the impact of entrepreneurial activity on economic growth of Global Entrepreneurship Monitor (GEM) countries," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-11, December.
    2. Augustina Esitse Dada & Omotayo Adeniyi Adegbuyi & Mercy E. Ogbari & Odunayo Paul Salau & Tolulope Morenike Atolagbe & Oluwakemi Oluwafunmilayo Onayemi & Abimbola Oluwaseun Oladotun, 2023. "Envisaging the Impact of Entrepreneurial Culture on Venture Creation among Undergraduate Students of Selected Universities in Nigeria," Sustainability, MDPI, vol. 15(15), pages 1-16, August.

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    More about this item

    Keywords

    entrepreneurial culture; network; competition; and regional economic growth;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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