Does Cultural Diversity Increase the Rate of Entrepreneurial Activity?

Posted: 18 Sep 2012

See all articles by Sanjukta Roy

Sanjukta Roy

World Bank

Nabamita Dutta

University of Wisconsin - La Crosse

Russell S. Sobel

The Citadel - School of Business

Date Written: 2010

Abstract

In the economic development literature, cultural diversity has been shown to have a positive impact on economic outcomes. A culturally diverse society or interaction among different cultures encourages exchange and competition and generates efficient outcome. Our paper hypothesizes that a culturally diverse society has a positive impact on the rate of entrepreneurship. We show that in the United States, a country with good institutions, that cultural diversity or greater cultural capital has clear economic benefits - it increases the rate of entrepreneurship.

Keywords: Cultural Diversity, Entrepreneurship

Suggested Citation

Roy, Sanjukta and Dutta, Nabamita and Sobel, Russell S., Does Cultural Diversity Increase the Rate of Entrepreneurial Activity? (2010). Review of Austrian Economics, Vol. 23, No. 3, 2010, Available at SSRN: https://ssrn.com/abstract=2147699

Sanjukta Roy (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Nabamita Dutta

University of Wisconsin - La Crosse ( email )

1725 State Street
La Crosse, WI 54601
United States

Russell S. Sobel

The Citadel - School of Business ( email )

171 Moultrie St.
Charleston, SC 29409
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
339
PlumX Metrics