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The Examination of the Level of Entrepreneurship in Eight Central Eastern European Countries

In: 6th International Conference on Management, Enterprise and Benchmarking MEB 2008-Proceedings

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  • László Szerb

    () (University of Pécs)

Abstract

Since the start of the Global Entrepreneurship Monitor (GEM) research of 1999, the TEA index, that measures the percentage of those who are in the nascent phase of the business or owners and managers of a young firm in the 18-64 age population, has been applied as the most important indicator of entrepreneurship activity in GEM related studies. However, the general use of TEA has been widely criticized mainly because it captures just only one, thought very important, aspect of entrepreneurship. Based on a newly created Complex Entrepreneurship Context index developed by Acs and Szerb (2008), I provide the analysis of the level of entrepreneurship in eight Central Eastern European countries. Based on the investigation of the three sub-indexes and 14 indicators of entrepreneurial activity, strategy and attitudes, I am providing tailor-made entrepreneurship policy suggestions for the eight CEE countries of Croatia, Czech Republic, Hungary, Latvia, Romania, Russia, Serbia, and Slovenia.

Suggested Citation

  • László Szerb, 2008. "The Examination of the Level of Entrepreneurship in Eight Central Eastern European Countries," Proceedings-6th International Conference on Management, Enterprise and Benchmarking (MEB 2008),in: György Kadocsa (ed.), 6th International Conference on Management, Enterprise and Benchmarking MEB 2008-Proceedings, pages 69-83 Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb008:69-83
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    File URL: http://kgk.uni-obuda.hu/sites/default/files/6_SzerbLaszlo.pdf
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    References listed on IDEAS

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    1. Zoltán J. Ács & Colm O'Gorman & László Szerb & Siri Terjesen, 2015. "Could the Irish Miracle be Repeated in Hungary?," Chapters,in: Global Entrepreneurship, Institutions and Incentives, chapter 30, pages 584-603 Edward Elgar Publishing.
    2. Tyson, Laura d'Andrea & Petrin, Tea & Rogers, F Halsey, 1994. "Promoting Entrepreneurship in Eastern Europe," Small Business Economics, Springer, vol. 6(3), pages 165-184, June.
    3. Wennekers, Sander & Thurik, Roy, 1999. "Linking Entrepreneurship and Economic Growth," Small Business Economics, Springer, vol. 13(1), pages 27-55, August.
    4. Acs, Zoltan J & Phillips, Ronnie J, 2002. "Entrepreneurship and Philanthropy in American Capitalism," Small Business Economics, Springer, vol. 19(3), pages 189-204, November.
    5. Tomi Ovaska & Russell S. Sobel, 2005. "Entrepreneurship in Post-Socialist Economies," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 21(Fall 2005), pages 8-28.
    6. Polona Tominc & Miroslav Rebernik, 2007. "Growth Aspirations and Cultural Support for Entrepreneurship: A Comparison of Post-Socialist Countries," Small Business Economics, Springer, vol. 28(2), pages 239-255, March.
    7. Anisya S Thomas & Stephen L Mueller, 2000. "A Case for Comparative Entrepreneurship: Assessing the Relevance of Culture," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 31(2), pages 287-301, June.
    8. Wiklund, Johan & Shepherd, Dean, 2005. "Entrepreneurial orientation and small business performance: a configurational approach," Journal of Business Venturing, Elsevier, vol. 20(1), pages 71-91, January.
    9. Kevin Hindle, 2006. "A measurement framework for international entrepreneurship policy research: from impossible index to malleable matrix," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 3(2), pages 139-182.
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