Abstract

This article explores the cultural framework of country-level entrepreneurship and then examines the impact of national culture on country-level entrepreneurship. An analysis of panel data of seventy-nine countries for the period 2006 to 2019 reveals that Hofstede’s cultural dimensions significantly influence country-level entrepreneurship. Specifically, the cultural dimensions including individualism, femininity, short-term orientation, and indulgence positively influence entrepreneurship, whereas the cultural dimensions including power distance, collectivism, masculinity, long-term orientation, and restraint negatively influence entrepreneurship. However, the cultural dimension of uncertainty avoidance has no significant impact on country-level entrepreneurship. We confirmed the role of national culture in country-level entrepreneurship, which has not been explored extensively. Additionally, policy implications focus on encouraging the cultural dimensions including individualism, femininity, short-term orientation, and indulgence, and/or mitigating the cultural dimensions including power distance, collectivism, masculinity, long-term orientation, and restraint.