development. Two extensions of the original setup are addressed: using longer time series of averaged data of 23 OECD countries … penalties for being above or under the ‘equilibrium’ rate. The additional data do not provide evidence of a superior statistical …

Entrepreneurship has emerged as an important element in the organization of economies. This emergence did not occur … countries embrace entrepreneurial energy. This led to the political mandate to promote entrepreneurship. Hence, a clear and … organized view is needed of what the determinants and consequences of entrepreneurship are. The present contribution tries to …

for the hypothesised effects using a data panel of 23 OECD countries. An important policy implication of our exercises is …

countries. First, the concepts of uncertainty and risk are elaborated, as well as theirrelevance for entrepreneurship. Second …, cross-sectional regression analysis using data for three separateyears in twenty Western countries and Japan and controlling … (uncertaintyavoidance) may have a diverging impact on entrepreneurship. Possibly, a climate of uncertainty avoidancein large organizations …