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- W2309914160 abstract "Entrepreneurship has been advocated as one of the major solutions for coping with (youth) unemployment in Europe during the recent economic downturn. Entrepreneurial activity is generally co-determined by economic and cultural factors. However, cultural change normally requires a much longer time to take place than economic changes do. This may prompt a so-called cultural hysteresis effect in the efficiency of entrepreneurial incentives. To analyze these effects, data from the Global Entrepreneurship Monitor (2003–2010) are used. A Two-Stage Least Square instrumental variable and a logit model with difference-in-differences are employed. We find that the cultural hysteresis is less prominent among Mediterranean countries. Moreover, it is almost negligible in the response to incentives by female youth." @default.
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- W2309914160 date "2016-02-23" @default.
- W2309914160 modified "2023-09-26" @default.
- W2309914160 title "Cultural hysteresis, entrepreneurship and economic crisis" @default.
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- W2309914160 doi "https://doi.org/10.1093/cjres/rsv035" @default.
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