Abstract
The purpose of this chapter is to identify and quantify the effects of knowledge and culture on the entrepreneurship of societies. The concept of entrepreneurship is approached through two different variables: (a) self-employment rates and (b) entry of new firms to the economy. This introduction shifted the focus of policy to knowledge, which became particularly potent in terms of its impact on growth when compared with the traditional factors of physical capital and labor, where no knowledge spillovers or free access by third-party firms was possible (Audretsch, The Entrepreneurial Society, Oxford University Press, New York, NY, 2007).
This chapter is a summary of a scientific paper by Petrakis P.E. and Kostis P.C. (2013) on the Review of Economics and Finance, Vol 3, No 2.
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Petrakis, P.E. (2014). The Effects of Cultural Background and Knowledge Creation on Self-Employment and Entry Density Rates. In: Culture, Growth and Economic Policy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-41440-4_15
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DOI: https://doi.org/10.1007/978-3-642-41440-4_15
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