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Rugged individualis...
Rugged individualism, economic growth, and inter-county variation in entrepreneurial activity
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- Mostaghel, Rana, 1981- (author)
- Mälardalens universitet,Industriell ekonomi och organisation,Mälardalen University, Sweden
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- Oghazi, Pejvak, 1979- (author)
- Södertörns högskola,Företagsekonomi,Hanken School of Economics, Finland,Sodertorn Univ, Sch Social Sci, Stockholm, Sweden;Hanken Sch Econ, Helsinki, Finland
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- Patel, Pankaj C. (author)
- Villanova Univ, Villanova Sch Business, 800 E Lancaster Ave, Villanova, PA 19085 USA.,Villanova University, Villanova, PA, USA
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(creator_code:org_t)
- 2022
- 2022
- English.
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In: Applied Economics. - : ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. - 0003-6846 .- 1466-4283.
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
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- Does intra-country variation in individualism explain variations in intra-country entrepreneurial activity? Rugged individualism, a combination of individualism and anti-statism, is proxied by the total years of frontier experience in a US county between 1790 and 1890. We exploit this historic variation in tandem with present-day GDP growth in a county to test how the historic frontier experience interacts with changes in economic growth to explain the entrepreneurial activity. With small effect sizes, the findings demonstrate the greater (limited) value of rugged individualism in low (high) GDP growth conditions in driving entrepreneurial activity. Robust to a variety of specifications and a placebo test, the mechanism seems to operate through lower collective efficacy in counties with higher total frontier experience. The findings carry implications for within-country cultural variations and entrepreneurial activity.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Keyword
- Rugged individualism
- startup activity
- county gdp
Publication and Content Type
- ref (subject category)
- art (subject category)
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