entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … other natural resources determines structural change and economic development. A more equal distribution of natural … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … other natural resources determines structural change and economic development. A more equal distribution of natural … earned in the primary goods sector. Second, by shifting the distribution of political power from resource owners towards the …

and the effect this persistence has on development. It is argued that a regional culture of entrepreneurship plays an … important role in explaining persistence of entrepreneurship. We discuss possible explanations for the emergence of a culture of … entrepreneurship, and how it becomes self-perpetuating over time. Finally, we draw policy implications and identify some promising …