“…Previous studies have linked entrepreneurship to a number of important factors, including economic development (Audretsch and Acs ; Audretsch, Keilbach, and Lehmann ; Baumol and Strom ), cultural values (Tiessen ; Welter ), formal institutions (Bjørnskov and Foss ; Kreft and Sobel ; McMullen, Bagby, and Palich ; Nyström ), and even post‐materialistic values (Uhlaner and Thurik ) and role models (Bosma et al ). Despite this breadth of research, however, cross‐country empirical studies have so far provided less‐than‐complete insights into the mechanisms driving entrepreneurship (Bjørnskov and Foss ; Su, Zhai, and Karlsson ; Terjesen, Hessels, and Li ). A major issue in this literature has been that of model uncertainty—that is, the use of a wide variety of explanatory variables has produced inconsistent empirical findings (Terjesen, Hessels, and Li ).…”