The Long Persistence of Regional Entrepreneurship Culture: Germany 1925-2005
40 Pages Posted: 18 Jul 2012
Date Written: June 2012
We investigate the persistence of levels of self-employment and new business formation in different time periods and under different framework conditions. The analysis shows that high levels of regional self-employment and new business formation tend to be persistent for periods as long as 80 years and that such an entrepreneurial culture can even survive abrupt and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist and that they have long-lasting effects.
Keywords: entrepreneurship, self-employment, new business formation, persistence, culture
JEL Classification: L26, R11, O11
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