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Measuring entrepreneurship


  • Kruno Kukoc

    (Treasury, Government of Australia)

  • Dominic Regan

    (Treasury, Government of Australia)


Entrepreneurship has long been seen as a key driving force of a free market economy. Modern definitions of entrepreneurship emphasise a strong link between entrepreneurship and innovation and distinguish entrepreneurship from simple form of management. Entrepreneurship is also seen as a critical link between new knowledge and economic growth as it facilitates the transfer of knowledge. In the absence of internationally comparable indicators that capture the real innovative nature of entrepreneurship it is difficult to draw firm conclusions about the true level of entrepreneurial activity in Australia or any other country. Given the likely effect of entrepreneurship on economic growth, indicators that capture its innovative nature will be important for good policy outcomes in a small open economy like Australia.

Suggested Citation

  • Kruno Kukoc & Dominic Regan, 2008. "Measuring entrepreneurship," Economic Roundup, The Treasury, Australian Government, issue 1, pages 15-26, March.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2008_1_2

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    References listed on IDEAS

    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. Audretsch, David B., 2009. "Entrepreneurship capital and economic growth," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, AsociaciĆ³n EspaƱola de Ciencia Regional, issue 15, pages 27-45.
    3. Steven Vale, 2006. "The International comparability of Business Start-up Rates Final Report," OECD Statistics Working Papers 2006/4, OECD Publishing.
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    More about this item


    business; entrepreneurship; innovation;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship


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