Informal Institutions, Entrepreneurship, and Social Progress: A Comparative and Correlational Study


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informal institutions
environmental quality
social development
cultural dimensions
social progress index
power distance
uncertainty aversion

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León Quillas, C. I., Rueda Rodríguez, H. F., & Hernández Rodríguez, A. (2023). Informal Institutions, Entrepreneurship, and Social Progress: A Comparative and Correlational Study. Revista Guillermo De Ockham, 21(1), 113–129. (Original work published November 10, 2022)


This article carries out a comparative analysis between a group of six countries made up of Australia, Canada, Finland, Sweden, the United Kingdom, and the United States, on the one hand and Chile, Colombia, Mexico, and Peru, on the other hand. These countries were selected from the differences that they present in terms of social progress, entrepreneurship, and culture. The objective is to find relationships among certain informal institutions, the level of entrepreneurship and social progress. The type of study is descriptive and exploratory, with correlational scopes, where information from the cultural dimensions of Hofstede Insights (2018), the Global Entrepreneurship Index of 2018 and the Social Progress Index of 2018 is used. On a general level, results show correlations that reveal a tendency of the more developed countries to register a lower power distance, less aversion to uncertainty and a preference towards individualism, besides greater social progress and better environmental quality.
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Copyright (c) 2022 César Ignacio León Quillas, Héctor Fernando Rueda Rodríguez, Alejandra Hernández Rodríguez


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