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The Global Entrepreneurship Index (GEINDEX)

Author

Listed:
  • Acs, Zoltan J.
  • Szerb, László

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.

Suggested Citation

  • Acs, Zoltan J. & Szerb, László, 2009. "The Global Entrepreneurship Index (GEINDEX)," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(5), pages 341-435, August.
  • Handle: RePEc:now:fntent:0300000027
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    File URL: http://dx.doi.org/10.1561/0300000027
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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. International Monetary Fund, 2014. "The Federal Democratic Republic of Ethiopia; Selected Issues Paper," IMF Staff Country Reports 14/304, International Monetary Fund.
    3. repec:wsi:jdexxx:v:18:y:2013:i:02:n:s108494671350009x is not listed on IDEAS
    4. 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).
    5. repec:wsi:jdexxx:v:18:y:2013:i:03:n:s1084946713500179 is not listed on IDEAS
    6. Soogwan Doh & Connie McNeely, 2012. "A multi-dimensional perspective on social capital and economic development: an exploratory analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 49(3), pages 821-843, December.
    7. Salustiano Martínez-Fierro & José María Biedma-Ferrer & José Ruiz-Navarro, 2016. "Entrepreneurship and strategies for economic development," Small Business Economics, Springer, vol. 47(4), pages 835-851, December.
    8. Laura Brancu & Svala Guðmundsdóttir & Delia Gligor & Valentin Munteanu, 2015. "Is Culture a Moderator of Entrepreneurship Motivation? A Comparative Study of Romania and Iceland," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 133-133, February.

    More about this item

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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