What Does "Entrepreneurship" Data Really Show?
AbstractWe compare two "entrepreneurship" datasets: Global Entrepreneurship Monitor (GEM) captures early-stage entrepreneurship and World Bank Group Entrepreneurship Survey (WBGES) captures business registration. GEM data is higher in developing economies than WBGES data, but this reverses in developed countries. We find differences related to local institutional conditions, after controlling for economic development. A possible explanation is WBGES measures formal entry, whereas GEM measures intent. This can be interpreted as the spread between individuals who could potentially operate businesses in the formal sector - and those that actually do. Our findings suggest entrepreneurs in developed countries have greater ease and incentives to incorporate.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-007.
Date of creation: 30 Jan 2008
Date of revision:
Global Entrepreneurship Monitor; World Bank Group Entrepreneurship Survey; entrepreneurial intent; formal business registration; entry;
Other versions of this item:
- O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- O50 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - General
- Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts
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