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"and Yet It Moves" : National Entrepreneurial Culture and Entrepreneurship-Friendly Policies: Evidence from OECD Countries

Poček, Jasna LU ; Fassio, Claudio LU and Kraus, Sascha (2022) In Entrepreneurship Research Journal
Abstract

This paper investigates the impact of public policies aimed to foster entrepreneurship on the national entrepreneurial culture of a country. While most of the existing studies focus on the direct impact of policies on entrepreneurship outcomes, we propose that the impact of policies on entrepreneurial culture may be even more important for the development of economies in the long term. Using data for 36 OECD countries in the period 2002-2014, we investigate econometrically the impact of policies on culture usually associated with entrepreneurship and find that such impact is stronger for policies that address a broader target of potential beneficiaries, rather than a narrow one. Moreover, we find that, among the values that are usually... (More)

This paper investigates the impact of public policies aimed to foster entrepreneurship on the national entrepreneurial culture of a country. While most of the existing studies focus on the direct impact of policies on entrepreneurship outcomes, we propose that the impact of policies on entrepreneurial culture may be even more important for the development of economies in the long term. Using data for 36 OECD countries in the period 2002-2014, we investigate econometrically the impact of policies on culture usually associated with entrepreneurship and find that such impact is stronger for policies that address a broader target of potential beneficiaries, rather than a narrow one. Moreover, we find that, among the values that are usually associated with entrepreneurial activity, entrepreneurship-friendly policies foster those that are related to creativity, innovation and risk taking, but not those that relate to individualism and the belief that success is achieved through one's own personal efforts. Lastly, we find that the positive impact of policies on culture only applies to the countries with a higher initial level of entrepreneurial culture, and not to the countries with lower initial levels.

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author
; and
organization
publishing date
type
Contribution to journal
publication status
epub
subject
keywords
entrepreneurial culture, entrepreneurship policies, institutions, panel data models
in
Entrepreneurship Research Journal
publisher
De Gruyter
external identifiers
  • scopus:85145195753
ISSN
2194-6175
DOI
10.1515/erj-2022-0133
language
English
LU publication?
yes
id
7c3d36ee-dd8d-44d4-bf2a-e71f16bcbc4f
date added to LUP
2023-02-10 15:42:20
date last changed
2024-01-17 20:07:21
@article{7c3d36ee-dd8d-44d4-bf2a-e71f16bcbc4f,
  abstract     = {{<p>This paper investigates the impact of public policies aimed to foster entrepreneurship on the national entrepreneurial culture of a country. While most of the existing studies focus on the direct impact of policies on entrepreneurship outcomes, we propose that the impact of policies on entrepreneurial culture may be even more important for the development of economies in the long term. Using data for 36 OECD countries in the period 2002-2014, we investigate econometrically the impact of policies on culture usually associated with entrepreneurship and find that such impact is stronger for policies that address a broader target of potential beneficiaries, rather than a narrow one. Moreover, we find that, among the values that are usually associated with entrepreneurial activity, entrepreneurship-friendly policies foster those that are related to creativity, innovation and risk taking, but not those that relate to individualism and the belief that success is achieved through one's own personal efforts. Lastly, we find that the positive impact of policies on culture only applies to the countries with a higher initial level of entrepreneurial culture, and not to the countries with lower initial levels.</p>}},
  author       = {{Poček, Jasna and Fassio, Claudio and Kraus, Sascha}},
  issn         = {{2194-6175}},
  keywords     = {{entrepreneurial culture; entrepreneurship policies; institutions; panel data models}},
  language     = {{eng}},
  publisher    = {{De Gruyter}},
  series       = {{Entrepreneurship Research Journal}},
  title        = {{"and Yet It Moves" : National Entrepreneurial Culture and Entrepreneurship-Friendly Policies: Evidence from OECD Countries}},
  url          = {{http://dx.doi.org/10.1515/erj-2022-0133}},
  doi          = {{10.1515/erj-2022-0133}},
  year         = {{2022}},
}