Barrios, John M.; Hochberg, Yael V.; Macciocchi, Daniele - National Bureau of Economic Research - 2021
How do geographic and historical-cultural factors shape new business formation? Using novel data on new business … registrations, we document that 75% of the variation in new business formation is explained by time-invariant county-level factors … business formation is positively related to historical attributes that presage individualist culture: frontier experience and …