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The global entrepreneurship index (GEINDEX)
Asked person / Interviewee

Acs, Zoltan J.

Max Planck Institute of Economics

Szerb, László

published
Tue Apr 14 2009
Number of discussion paper

2009-028

keyword(s)

Development

Entrepreneurship

Globalization

Index

Innovation

Institutions

Knowledge

Stages of Growth

abstract

This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away from simple measures of entrepreneurship across countries illustrating a U-shaped or L-shaped relationship to more complex measures, which are positively related to economic development. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be deployed to drive innovation.

article pub. typess JER
Research article
article languages JER
Englisch
article research fields JER
entrepreneurship
JEL-Classification for JER
L26 - Entrepreneurship ; O1 - Economic Development; O3 - Technological Change; Research and Development