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Entrepreneurship in Hungary in 2006-2010 based on the Global Entrepreneurship and Development Index (GEDI) methodology

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  • László Szerb

    ()
    (University of Pécs)

  • Ruta Aidis

    ()
    (George Mason University)

  • Zoltán J. Ács

    ()
    (George Mason University)

Abstract

Building on the Ács-Szerb Global Entrepreneurship and Development Index (GEDI) methodology this paper aims to show the public policy applicability of GEDI. GEDI is a complex measure of entrepreneurship involving three sub-indices, 14 pillars and 28 variables. By answering four research questions we present Hungary’s entrepreneurial profile, show the change of the entrepreneurship over the 2006-2010 time period, and identify the strengths and the weaknesses. Hungary is compared to three important country groups. GEDI is a useful tool for policy-oriented analysis. Unlike other research projects that provide rather general and uniform policy suggestions, GEDI offers individual country level, tailor-made policy recommendations. Based on the principle of the weakest link, we present an optimal policy mix for Hungary involving the eight weakest performing pillars to improve Hungary’s GEDI score.

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This chapter was published in: György Kadocsa (ed.) , , pages 53-78, 2012.

This item is provided by Óbuda University, Keleti Faculty of Business and Management in its series Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012) with number 53-78.

Handle: RePEc:pkk:meb012:53-78

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  1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October.
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