Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that - when this variable is added -...

The relative stability of differences in entrepreneurial activity across countries suggests that factors other than economic ones are at play (Freytag and Thurik, 2010). Cultural factors, as a subset of stable contextual factors, may play a role. In this paper, we give examples of various...