Abstract
We use data from the World Values Survey, the Global Entrepreneurship Monitor, and the Economic Freedom of the World Annual Report to empirically examine the impact that economic freedom and societal approval of entrepreneurs have on rates of early stage entrepreneurship. We find that both social approval and economic freedom, specifically freedom from big government, is associated with increased rates of entrepreneurship in a cross section of 21 countries.
| Original language | English |
|---|---|
| Pages (from-to) | 19-42 |
| Number of pages | 24 |
| Journal | Journal of Private Enterprise |
| Volume | 27 |
| Issue number | 2 |
| State | Published - 2012 |
Keywords
- Culture
- Economic freedom
- Entrepreneurship
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Cite this
Powell, B., & Rodet, C. S. (2012). Praise and profits: Cultural and institutional determinants of entrepreneurship. Journal of Private Enterprise, 27(2), 19-42.