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The Global Entrepreneurship Index (GEINDEX)

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  • Acs, Zoltan J.
  • Szerb, L�szl�

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.

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File URL: http://dx.doi.org/10.1561/0300000027
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Bibliographic Info

Article provided by now publishers in its journal Foundations and Trends(R) in Entrepreneurship.

Volume (Year): 5 (2009)
Issue (Month): 5 (August)
Pages: 341-435

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Handle: RePEc:now:fntent:0300000027

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Web page: http://www.nowpublishers.com/

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Cited by:
  1. Gries, Thomas & Naudé, Wim, 2011. "Entrepreneurship and human development: A capability approach," Journal of Public Economics, Elsevier, vol. 95(3), pages 216-224.
  2. Soogwan Doh & Connie McNeely, 2012. "A multi-dimensional perspective on social capital and economic development: an exploratory analysis," The Annals of Regional Science, Springer, vol. 49(3), pages 821-843, December.
  3. Stel, Nora, 2012. "Entrepreneurship and innovation in a hybrid political order: The case of Lebanon," MERIT Working Papers 078, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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