What Drives Entrepreneurship? A Configurational Analysis of the Determinants of Entrepreneurship in Innovation-Driven Economies

We analyse the effects of culture, economic freedom and well-being on entrepreneurial activity (EA). We employ a fuzzy-set qualitative comparative (fsQCA) analysis to identify previously unknown combinations of predictors of EA in 23 innovation-driven economies. The analysis differentiates between necessity-driven entrepreneurship (NDE) and opportunity-driven entrepreneurship (ODE), reveals different configurations explaining EA, and proposes a role model for policymakers aiming to secure a high proportion of ODE in a particular economy