Citation

Discussion Paper Details

Please find the details for DP10241 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: Cultural diversity and entrepreneurship in England and Wales

Author(s): Daniel Hardy and Andrés Rodríguez-Pose

Publication Date: November 2014

Keyword(s): cultural diversity, entrepreneurship, high-skilled migration and knowledge spillovers

Programme Area(s): International Trade and Regional Economics

Abstract: British regions are becoming increasingly culturally diverse, with migration as the main driver. Does this diversity benefit local economies? This research examines the impact of cultural diversity on the entrepreneurial performance of UK regions. We focus on two largely overlooked factors, the measurement of diversity, and the skills composition of diverse populations. First, more that demonstrating the importance of cultural diversity for entrepreneurship, we show that the type of cultural diversity measured is a decisive factor. Second, the skill composition of diverse populations is also key. Diversity amongst the ranks of the highly skilled exerts the strongest impact upon start-up intensities. The empirical investigation employs spatial regression techniques and carriers out several robustness checks, including instrumental variables specifications, to corroborate our findings.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10241

Bibliographic Reference

Hardy, D and Rodríguez-Pose, A. 2014. 'Cultural diversity and entrepreneurship in England and Wales'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10241