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Economic Performance And Enterprise Culture

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Executive Summary

This paper explores the impact of economic performance on national culture and specifically, whether higher levels of economic performance contribute to the formation of an "Enterprise" culture that is more supportive of entrepreneurship. Analyses using a methodology that controls for the effects of unobserved country-specific factors and prior levels of economic development reveal that populations of nations with greater gains in per capita GDP place greater value on jobs that allow for personal achievement, the exercise of initiative, and the performance of more interesting and challenging work. Results suggest that the propensity for nations to converge on pro-enterprise values will depend on how the level of economic performance is distributed across countries.

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