IDEAS home Printed from https://ideas.repec.org/a/wsi/jicepx/v02y2011i01ns179399331100021x.html
   My bibliography  Save this article

The Global Entrepreneurship And Development Index: A Us Perspective

Author

Listed:
  • ZOLTAN J. ACS

    (School of Public Policy, George Mason University, Arlington, USA)

Abstract

This paper looks at the performance of the United States (US) on the Global Entrepreneurship and Development Index (GEDI), capturing the contextual features of entrepreneurship. The US ranks third on the GEDI. It performs well on the aspirations sub-index but lags on the attitudes and activity sub-indices. Its performance is strong in areas of startu skills, competition, and new technology but weak in cultural support, tech sector, and high-growth business. Performance is stronger on institutional variables than on individual variables. Apparent weakness in the tech sector, lack of cultural support for entrepreneurship and lack of high-growth business can be due to the changing political environment and international volatility, 1990s tech sector bubble burst, the recent recession, and the improving performance of other counties.

Suggested Citation

  • Zoltan J. Acs, 2011. "The Global Entrepreneurship And Development Index: A Us Perspective," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 43-66.
    • Handle: RePEc:wsi:jicepx:v:02:y:2011:i:01:n:s179399331100021x
    DOI: 10.1142/S179399331100021X
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S179399331100021X
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S179399331100021X?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Isabel Grilo & Roy Thurik, 2008. "Determinants of entrepreneurial engagement levels in Europe and the US," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(6), pages 1113-1145, December.
    2. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2006. "Does Culture Affect Economic Outcomes?," Journal of Economic Perspectives, American Economic Association, vol. 20(2), pages 23-48, Spring.
    3. Wagner, Joachim, 2002. "The Impact of Risk Aversion, Role Models, and the Regional Milieu on the Transition from Unemployment to Self-Employment: Empirical Evidence for Germany," IZA Discussion Papers 468, Institute of Labor Economics (IZA).
    4. Roy Thurik & Ingrid Verheul & Isabel Grilo & Reena Bhola, 2006. "Explaining engagement levels of opportunity and necessity entrepreneurs," Scales Research Reports H200610, EIM Business and Policy Research.
    5. Acs, Zoltán J & Audretsch, David B & Evans, David S, 1994. "Why Does the Self-Employment Rate Vary Across Countries and Over Time?," CEPR Discussion Papers 871, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ebrahim Bonyadi & Lida Sarreshtehdari, 2021. "The Global Entrepreneurship Index (GEI): a critical review," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 469-488, December.
    2. Erik Stam & Andrew Ven, 2021. "Entrepreneurial ecosystem elements," Small Business Economics, Springer, vol. 56(2), pages 809-832, February.
    3. Zolt�n J. �cs & L�szl� Szerb & Raquel Ortega-Argil�s & Ruta Aidis & Alicia Coduras, 2015. "The Regional Application of the Global Entrepreneurship and Development Index (GEDI): The Case of Spain," Regional Studies, Taylor & Francis Journals, vol. 49(12), pages 1977-1994, December.
    4. Gustavo Crespi & Elena Arias-Ortiz & Ezequiel Tacsir & Fernando Vargas & Pluvia Zuñiga, 2014. "Innovation for economic performance: the case of Latin American firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 4(1), pages 31-50, June.
    5. Nguyen Thi Thu Ha & Lam Ba Hoa, 2018. "Evaluating Entrepreneurship Performance In Vietnam Through The Global Entrepreneurship Development Index Approach," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-19, March.
    6. Yaron Zelekha, 2013. "The Effect of Immigration on Entrepreneurship," Kyklos, Wiley Blackwell, vol. 66(3), pages 438-465, August.
    7. Radzivon Marozau & Maribel Guerrero & David Urbano, 2021. "Impacts of Universities in Different Stages of Economic Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 1-21, March.
    8. Casas i Klett, Tomas & Cozzi, Guido & Diebold, Celine & Zeller, Camille, 2020. "Measuring Elite Quality," MPRA Paper 102068, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. León, Anja Köbrich & Pfeifer, Christian, 2017. "Religious activity, risk-taking preferences and financial behaviour: Empirical evidence from German survey data," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 69(C), pages 99-107.
    2. Jolanda Hessels & Marco Gelderen & Roy Thurik, 2008. "Entrepreneurial aspirations, motivations, and their drivers," Small Business Economics, Springer, vol. 31(3), pages 323-339, October.
    3. Tino Sanandaji & Peter T. Leeson, 2013. "Billionaires," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(1), pages 313-337, February.
    4. Preeya Mohan & Patrick Watson & Eric Strobl, 2018. "Nascent Entrepreneurs In Caribbean Small Island Developing States: Opportunity Versus Necessity," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-18, December.
    5. Olga Rastrigina, 2008. "Global Entrepreneurship Monitor 2008 Latvia Report," Global Entrepreneurship Monitor (GEM), Latvia report 2008, Baltic International Centre for Economic Policy Studies (BICEPS);Stockholm School of Economics in Riga (SSE Riga).
    6. Kleinhempel, Johannes & Klasing, Mariko & Beugelsdijk, Sjoerd, 2022. "Cultural Roots of Entrepreneurship," MPRA Paper 115942, University Library of Munich, Germany.
    7. Heineck, Guido & Süssmuth, Bernd, 2013. "A different look at Lenin’s legacy: Social capital and risk taking in the Two Germanies," Journal of Comparative Economics, Elsevier, vol. 41(3), pages 789-803.
    8. Engelhardt, Sebastian v. & Freytag, Andreas, 2013. "Institutions, culture, and open source," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 90-110.
    9. Karla Hoff & Mayuresh Kshetramade & Ernst Fehr, 2011. "Caste and Punishment: the Legacy of Caste Culture in Norm Enforcement," Economic Journal, Royal Economic Society, vol. 121(556), pages 449-475, November.
    10. Leon Zolotoy & Don O’Sullivan & Keke Song, 2021. "The Role of Ethical Standards in the Relationship Between Religious Social Norms and M&A Announcement Returns," Journal of Business Ethics, Springer, vol. 170(4), pages 721-742, May.
    11. Núria Rodríguez‐Planas, 2018. "Mortgage finance and culture," Journal of Regional Science, Wiley Blackwell, vol. 58(4), pages 786-821, September.
    12. Corno, Lucia & Voena, Alessandra, 2023. "Child marriage as informal insurance: Empirical evidence and policy simulations," Journal of Development Economics, Elsevier, vol. 162(C).
    13. Shi, Wei & Tang, Yinuo, 2015. "Cultural similarity as in-group favoritism: The impact of religious and ethnic similarities on alliance formation and announcement returns," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 32-46.
    14. Erik Stam & Roy Thurik & Peter van der Zwan, 2010. "Entrepreneurial exit in real and imagined markets," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(4), pages 1109-1139, August.
    15. Lacetera, Nicola & Macis, Mario, 2008. "Motivating Altruism: A Field Study," IZA Discussion Papers 3770, Institute of Labor Economics (IZA).
    16. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2016. "Long-Term Persistence," Journal of the European Economic Association, European Economic Association, vol. 14(6), pages 1401-1436, December.
    17. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    18. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    19. Stefano Bartolini & Francesco Sarracino, 2021. "Happier and Sustainable. Possibilities for a post-growth society," Department of Economics University of Siena 855, Department of Economics, University of Siena.
    20. Baudin, Thomas, 2010. "A Role For Cultural Transmission In Fertility Transitions," Macroeconomic Dynamics, Cambridge University Press, vol. 14(4), pages 454-481, September.

    More about this item

    Keywords

    Entrepreneurship; development; stages of growth; globalisation; innovation; institutions; L26; O1; O3;
    All these keywords.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jicepx:v:02:y:2011:i:01:n:s179399331100021x. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jicep/jicep.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.