Technological determinants of entrepreneurship performance: Evidence from OECD countries

In this paper we acknowledge the role of technology as an engine in fostering entrepreneurship. We examine the technological determinants of entrepreneurship performance in twenty three developed OECD countries during the period 2000-2007 using two measures of entrepreneurship performance: the number of newly registered corporations, which is introduced by the World Bank Group Entrepreneurship Survey (2008), and the number of new enterprises, which is introduced by the OECD Structural and Demographic Business Statistics. Results of the mixed-effects model suggest a positive and significant relationship between the intensity of cellular phones, patent applications, and computer and communications services on entrepreneurship performance while the impact of personal computers ownership is found to be inconclusive.   Key words: Entrepreneurship performance, technological changes, patents, mixed-effects model, OECD countries.