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Genetic distance and the difference in new firm entry between countries
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Guedes, Maria João, Nicolaou, Nicos and Patel, Pankaj C. (2019) Genetic distance and the difference in new firm entry between countries. Journal of Evolutionary Economics, 29 (3). pp. 973-1016. doi:10.1007/s00191-019-00613-2 ISSN 0936-9937.
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Official URL: https://doi.org/10.1007/s00191-019-00613-2
Abstract
Does genetic distance between countries explain differences in the level of entrepreneurship between them? Genetic distance, or very long-term divergence in intergenerationally transmitted traits across populations, has been recently tied to a variety of outcomes ranging from differences in economic development to differences in risk preferences between countries. Extending this recent work, we ask whether the genetic distance between countries is associated with differences in new firm entry. Based on a sample of 103 countries and 5253 country-pair observations and controlling for a large variety of factors, we find that genetic distance is positively associated with between country differences in new firm entry. The effects sizes, as expected, are small. In assessing the differences in entrepreneurial activity between country-pairs, policymakers could consider adjusting for genetic distance as an explanation for differences in entrepreneurial activity.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HG Finance | ||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Library of Congress Subject Headings (LCSH): | New business enterprises -- Genetics | ||||||||
Journal or Publication Title: | Journal of Evolutionary Economics | ||||||||
Publisher: | Springer | ||||||||
ISSN: | 0936-9937 | ||||||||
Official Date: | July 2019 | ||||||||
Dates: |
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Volume: | 29 | ||||||||
Number: | 3 | ||||||||
Page Range: | pp. 973-1016 | ||||||||
DOI: | 10.1007/s00191-019-00613-2 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is a post-peer-review, pre-copyedit version of an article published in Journal of Evolutionary Economics. The final authenticated version is available online at: http://dx.doi.org/10.1007/s00191-019-00613-2 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 4 June 2019 | ||||||||
Date of first compliant Open Access: | 28 March 2020 | ||||||||
RIOXX Funder/Project Grant: |
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