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Efficient entrepreneurial culture: a cross-country analysis of developed countries

Author

Listed:
  • José Fernández-Serrano

    (University of Seville)

  • Vanessa Berbegal

    (EUSA University Center)

  • Francisco Velasco

    (University of Seville)

  • Alfonso Expósito

    (University of Seville)

Abstract

Entrepreneurship, together with national cultural values, may improve a country’s GDP levels. Under this hypothesis, the aim of this paper is to analyse the relationships between the levels of entrepreneurship, cultural values, and of GDP per capita in a sample of 27 developed countries, by identifying an efficient combination of culture and entrepreneurship variables, under the concept of efficient entrepreneurial culture, that maximises GDP per capita. Through the application of Data Envelopment Analysis (DEA) methodology, nine countries have been identified as having an efficient entrepreneurial culture. The implications derived for policy-makers are substantial, since a better understanding of cultural effects on entrepreneurship can lead to improvements in the design of governmental programmes that foster cultural values related to high-quality entrepreneurship.

Suggested Citation

  • José Fernández-Serrano & Vanessa Berbegal & Francisco Velasco & Alfonso Expósito, 2018. "Efficient entrepreneurial culture: a cross-country analysis of developed countries," International Entrepreneurship and Management Journal, Springer, vol. 14(1), pages 105-127, March.
    • Handle: RePEc:spr:intemj:v:14:y:2018:i:1:d:10.1007_s11365-017-0440-0
    DOI: 10.1007/s11365-017-0440-0
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