A Comparison of Startup Entrepreneurial Activity Between the United States and Japan

Abstract

Entrepreneurship plays a critical role in the growth and development of national economies. This study looks at two highly innovative countries, the United States and Japan, and compares startup entrepreneurial activity in both countries. Various characteristics are analyzed which contribute to the differences that impact entrepreneurial activity. These include culture, available financing, entrepreneurial education, R & D transfer, entry regulations, and the physical, commercial, and legal infrastructure. Additional factors are also analyzed such as the influence of immigration in new business creation, as well as implications for the future.