In the economic development literature, cultural diversity has been shown to have a positive impact on economic outcomes. A culturally diverse society or interaction among different cultures encourages exchange and competition and generates efficient outcome. Our paper hypothesizes that a...

Previous literature has clearly demonstrated the need for sound government policies or ‘institutions’ to promote and support entrepreneurship in a country. This paper explores the role of one such institution – political stability – in boosting entrepreneurial endeavors. A politically...