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Erscheinungsjahr: 
2014
Schriftenreihe/Nr.: 
Jena Economic Research Papers No. 2014-014
Verlag: 
Friedrich Schiller University Jena and Max Planck Institute of Economics, Jena
Zusammenfassung: 
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.
Schlagwörter: 
economic development
entrepreneurship
entrepreneurship culture
institutions
new business formation
self-employment
JEL: 
L26
R11
O11
Dokumentart: 
Working Paper

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