Efficient entrepreneurial culture: a cross-country analysis of developed countries

  • José Fernández-Serrano
  • Vanessa Berbegal
  • Francisco Velasco
  • Alfonso Expósito
Article

Abstract

Entrepreneurship, together with national cultural values, may improve a country’s GDP levels. Under this hypothesis, the aim of this paper is to analyse the relationships between the levels of entrepreneurship, cultural values, and of GDP per capita in a sample of 27 developed countries, by identifying an efficient combination of culture and entrepreneurship variables, under the concept of efficient entrepreneurial culture, that maximises GDP per capita. Through the application of Data Envelopment Analysis (DEA) methodology, nine countries have been identified as having an efficient entrepreneurial culture. The implications derived for policy-makers are substantial, since a better understanding of cultural effects on entrepreneurship can lead to improvements in the design of governmental programmes that foster cultural values related to high-quality entrepreneurship.

Keywords

Cultural values Entrepreneurship Economic development Developed countries 

Notes

Acknowledgements

This article is part of the Project entitled “Cultural Values and Socioeconomic elements as determinants of the entrepreneurial intention. (2009-2011)”, funded by the Regional Government of Andalusia (Department of Innovation, Science and Enterprise - Reference Number: P08-SEJ-03542). Project VIE web page: http://institucional.us.es/vie.

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Copyright information

© Springer Science+Business Media New York 2017

Authors and Affiliations

  • José Fernández-Serrano
    • 1
  • Vanessa Berbegal
    • 2
  • Francisco Velasco
    • 1
  • Alfonso Expósito
    • 3
  1. 1.Department of Applied Economics, Faculty of Economics and Business SciencesUniversity of SevilleSevilleSpain
  2. 2.Marketing and Commerce AreaEUSA University CenterSevilleSpain
  3. 3.Department of Economics analysis, Faculty of Economics and Business SciencesUniversity of SevilleSevilleSpain

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