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Comparing subjective and objective indicators to describe the national entrepreneurial context: the Global Entrepreneurship Monitor and the Global Competitiveness Index contributions

Author

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  • Coduras , Alicia

    (Antonio de Nebrija’s University)

  • Autio, Erkko

    (Imperial College Business School)

Abstract

Entrepreneurship research is progressing towards the construction of indexes that integrate the information of the three predominant approaches: the entrepreneurial activity output; the population’s entrepreneurial behavior, values and aspirations; and the context in which entrepreneurship takes place. In this study we compare the Global Competitiveness Index data, one of the objective sources of information selected among those recognized as descriptors of national contexts, with the national entrepreneurial context qualitative information provided by the Global Entrepreneurship Monitor. The main purpose of this research is to contribute to the knowledge of entrepreneurial context sources of information by opening a discussion around the usefulness and contribution that could make the Global Entrepreneurship Monitor source in this field, and to determine if it is recommendable to proceed to its formal validation in the short time. The obtained results evidence that the two sources do not overlap to the degree of substituting one by the other and that the Global Entrepreneurship Monitor provides relevant qualitative details about the state of entrepreneurial context that are interesting to complement the Global Competitiveness Index information. The conclusion is to recommend the formal validation of this source, being also necessary to make comparisons with other relevant sources and to clear up its role in the progress of the integrated indexes construction.

Suggested Citation

  • Coduras , Alicia & Autio, Erkko, 2013. "Comparing subjective and objective indicators to describe the national entrepreneurial context: the Global Entrepreneurship Monitor and the Global Competitiveness Index contributions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 26, pages 47-74.
    • Handle: RePEc:ris:invreg:0230
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    References listed on IDEAS

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    Cited by:

    1. Burak Erkut, 2016. "Entrepreneurship and Economic Freedom: Do Objective and Subjective Data Reflect the Same Tendencies?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(3), pages 11-26.
    2. Salustiano Martínez‐Fierro & José María Biedma‐Ferrer & José Ruiz‐Navarro, 2020. "Impact of high‐growth start‐ups on entrepreneurial environment based on the level of national economic development," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1007-1020, March.
    3. Longinos Marín & Catalina Nicolás & Alicia Rubio, 2019. "How Gender, Age and Education Influence the Entrepreneur’s Social Orientation: The Moderating Effect of Economic Development," Sustainability, MDPI, vol. 11(17), pages 1-16, August.
    4. José Carlos Pinho, 2017. "Institutional theory and global entrepreneurship: exploring differences between factor- versus innovation-driven countries," Journal of International Entrepreneurship, Springer, vol. 15(1), pages 56-84, March.
    5. Galindo-Martín, Miguel-Ángel & Castaño-Martínez, María-Soledad & Méndez-Picazo, María-Teresa, 2021. "Effects of the pandemic crisis on entrepreneurship and sustainable development," Journal of Business Research, Elsevier, vol. 137(C), pages 345-353.
    6. Dušan Steinhauser, 2022. "Cultural Impact on Economic Freedom in OECD Member Countries," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(1), pages 57-75, January.
    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.

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    More about this item

    Keywords

    entrepreneurial context; entrepreneurial framework conditions; experts’ survey; subjective and objective context information; GEM; GCI;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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