Entrepreneurship and Regional Policy: The Role of Culture

Abstract: Entrepreneurship and Regional Policy: The Role of Culture
While a rich body of empirical studies has emerged focusing on specific policy instruments targeted to foster entrepreneurial activity, less attention has been paid to the policy context. The purpose of this presentation is to suggest that not only does the context matter for the efficacy of entrepreneurship policies, but in particular, the cultural context. While most studies and policy makers pose the question, “Which policies are most effective in fostering entrepreneurship and ultimately economic development,” this presentation considers the policy context by instead asking, “Under which cultural contexts will entrepreneurship policies be more effective and under which cultural contexts will entrepreneurship policies be less effective?”