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Innovation, progress, entrepreneurship and cultural aspects |
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| Authors: | Edward Nissan Miguel-Angel Galindo María Teresa Méndez Picazo |
| Institution: | 1. Department of Political Science, International Development and International Affairs, University of Southern Mississippi, 118 College Drive #5108, Hattiesburg, MS, 39406, USA 2. Department of Applied Economics, Facultad de Derecho y Ciencias Sociales, University of Castilla-La Mancha, Ronda de Toledo, s/n, 13071, Ciudad Real, Spain 3. Department of Finance and Accounting, Facultad de Ciencias Econ??micas y Empresariales, University Complutense of Madrid, Campus de Somosgauas, 28223, Madrid, Spain |
| Abstract: | In the case of economic progress, some of the literature has considered economic growth and economic progress to be the same thing. However, there is a relevant difference between the two concepts. As Holcombe states, economic growth considers the quantity of products and economic progress the quality of products. Innovation has been considered as a key factor to promote economic progress. A culture would have a direct and an indirect effect on innovation through entrepreneurship. The goal of this paper is to analyze the relationship between culture and innovation. To carry out this study, an empirical estimation has been developed for the case of 11 countries. |
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