Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/98454
Authors: 
Fritsch, Michael
Wyrwich, Michael
Year of Publication: 
2014
Series/Report no.: 
Jena Economic Research Papers 2014-014
Abstract: 
We use the historical self-employment rate as an indicator of a regional culture of entrepreneurship and link this measure to economic growth in recent periods. The results indicate that German regions with a high level of entrepreneurship in the mid- 1920s have higher start-up rates about 80 years later. Furthermore, we find that the effect of current start-up activity on regional employment is significantly higher in regions with a pronounced entrepreneurial culture. We conclude that a regional culture of entrepreneurship is an important resource for regional growth.
Subjects: 
economic development
entrepreneurship
entrepreneurship culture
institutions
new business formation
self-employment
JEL: 
L26
R11
O11
Document Type: 
Working Paper

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