economy. In particular, the empirical evidence provides consistent support that (1) the role of entrepreneurship has … may be that the current approach to entrepreneurship policy is misguided. The priority should not be on entrepreneurship …

knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic … particular, our results suggest that innovation efforts have an indirect effect on economic performance via entrepreneurship …

We study the origins of entrepreneurship (culture) in the United States. For the analysis we make use of a quasi …-natural experiment - the gold rush in the second part of the 19th century. We argue that the presence of gold attracted individuals with … entrepreneurial personality traits. Due to a genetic founder effect and the formation of an entrepreneurship culture, we expect gold …