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Efficient Entrepreneurial Culture in the Context of Portugal and Spain: A Comparative Analysis

In: Context-based Entrepreneurship

Author

Listed:
  • Vanessa Berbegal

    (EUSA University Center)

  • Alfonso Expósito

    (University of Malaga)

  • José Fernández-Serrano

    (University of Seville)

Abstract

National culture can influence the characteristics of entrepreneurship and, therefore, explain its different effects on income levels. This study aims to analyze the complex interactions between cultural values, entrepreneurship, and income levels in the context of Spain and Portugal. In particular, this study defines and investigates the efficient culture that maximizes income levels and entrepreneurship quality in the country. Specifically, we focus on how Spain and Portugal can achieve this efficient entrepreneurial culture in a comparative analysis with other European countries. For this analysis, we use three international datasets: (a) the Schwartz Value Survey (SVS); (b) the Global Entrepreneurship Monitor (GEM); and (c) the World Bank’s World Development Indicators, and an output-oriented data envelopment analysis (DEA) model. Our findings show that Portugal has the most inefficient entrepreneurial culture among the analyzed European Union countries. Our study has relevant implications for entrepreneurship agents and policymakers, suggesting that it is important to take into account the characteristics of the culture in which entrepreneurship is developed and which cultural values should be modified to achieve higher entrepreneurial quality.

Suggested Citation

  • Vanessa Berbegal & Alfonso Expósito & José Fernández-Serrano, 2022. "Efficient Entrepreneurial Culture in the Context of Portugal and Spain: A Comparative Analysis," Studies on Entrepreneurship, Structural Change and Industrial Dynamics, in: João Leitão & Vanessa Ratten (ed.), Context-based Entrepreneurship, pages 7-27, Springer.
    • Handle: RePEc:spr:seschp:978-3-031-05307-8_2
    DOI: 10.1007/978-3-031-05307-8_2
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    More about this item

    Keywords

    Culture; Entrepreneurship; Economic development; Spain; Portugal;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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