Economic freedom and materialism: an empirical analysis

Teague, Megan V.; Storr, Virgil Henry; Fike, Rosemarie

doi:10.1007/s10602-019-09296-0

Cited by 22 publications

(11 citation statements)

References 49 publications

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“…In contrast, the stress on wealth, success and achievement (performance orientation; materialism) that has been emphasised in the classic entrepreneurship literature (such as by Baumol and Strom, 2007) does not appear to play a role. This seems consistent with results obtained by Teague, Storr, and Fike (2020), as discussed above.…”

Section: Discussionsupporting

confidence: 94%

Creativity and security as a cultural recipe for entrepreneurship

Mickiewicz¹,

Kaasa

2020

Journal of Institutional Economics

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We posit that societal cultural values of creativity and security are associated with the likelihood that a person will engage in a business start-up. Creativity supports the opportunity identification and security the opportunity exploitation aspects of entrepreneurship. In contrast, both emphasis on performance and acceptance of risk-taking may not play the role that is typically assumed. To verify our hypotheses we construct a multilevel dataset, combining Global Entrepreneurship Monitor individual-level data with country-level data from the World Values Survey. We use a multilevel logit model to address the hierarchical structure of our data. We found that odds of start-up engagement are higher if people in a society value security, yet also appreciate thinking up new ideas and being creative. Our results support McCloskey's distinction between aristocratic and bourgeois values, and John and Storr's proposition that different cultural traits support different aspects of entrepreneurship.

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Section: Discussionsupporting

confidence: 94%

Creativity and security as a cultural recipe for entrepreneurship

Mickiewicz¹,

Kaasa

2020

Journal of Institutional Economics

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“…Using data on 52 countries from 1995 and 2000, Berggren and Jordahl (2006) find evidence that economic freedom increases social trust. Teague et al (2020), who use data from 1990, 1995 and 2000-2014, report that people in countries with more economic freedom are less materialistic.…”

Section: Theoretical Considerations and Related Empirical Researchmentioning

confidence: 99%

Economic Freedom and People’s Regard for Education

Feldmann

2020

Soc Indic Res

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Using data on 48 countries, this paper finds that people in economically freer countries care more about education. This is probably mainly because economic freedom enables them and their children to achieve higher returns to education. The magnitude of the estimated effect is substantial. The paper combines individual-level data from the World Values Survey with country-level data on economic freedom and other relevant factors. It controls for all relevant characteristics of survey respondents as well as for potentially confounding country-level characteristics. It also addresses potential endogeneity of economic freedom.

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“…Le and Kim (2020) examined the effect of economic freedom on investment in a single country. Teague, Storr and Fike (2020) conducted an empirical analysis of economic freedom and materialism.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of Institutional Factors as Part of the Component of Economic Freedom as a Background of Improvement of Structural Proportions in the Context of Improving Governance

Ніконенко

Medynska

Bilotskyi³

et al. 2020

Business, Management and Education

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Purpose – the main purpose of the study is to analyze the institutional factors that are usually considered as components of economic freedom, as well as to assess the level of economic freedom as a prerequisite for improving structural proportions and stimulating the investment process in an economy with excess raw materials sector (such as Ukraine). Research methodology – the methodological basis is a system of complementary mathematical, general scientific and special methods, in particular system-structural comparison of retrospective, diagnostics and mathematical methods of studying possible dependence, general methods of analysis and synthesis, etc. Findings – the main result of the study is that increasing the degree of economic freedom in Ukraine contributes to structural shifts in favour of non-resource exports. Research limitations – our assessment methodology does not take into account the specifics of most European countries and is mainly aimed at countries of Eastern Europe so far. Practical implications – our proposed methodology for assessing the dependence of structural changes in a country’s exports on the economic freedom index IEF can be used in the practice of public administration in countries of such countries as Ukraine and others. Originality/Value – a proposed method for estimating the dependence of structural changes in Ukrainian exports on the IEF Index of Economic Freedom.

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Economic freedom and materialism: an empirical analysis

Cited by 22 publications

References 49 publications

Creativity and security as a cultural recipe for entrepreneurship

Creativity and security as a cultural recipe for entrepreneurship

Economic Freedom and People’s Regard for Education

Analysis of Institutional Factors as Part of the Component of Economic Freedom as a Background of Improvement of Structural Proportions in the Context of Improving Governance

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