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Entrepreneurship in Hungary in 2006-2010 based on the Global Entrepreneurship and Development Index (GEDI) methodology

Author

Listed:
  • László Szerb

    () (University of Pécs)

  • Ruta Aidis

    () (George Mason University)

  • Zoltán J. Ács

    () (George Mason University)

Abstract

Building on the Ács-Szerb Global Entrepreneurship and Development Index (GEDI) methodology this paper aims to show the public policy applicability of GEDI. GEDI is a complex measure of entrepreneurship involving three sub-indices, 14 pillars and 28 variables. By answering four research questions we present Hungary’s entrepreneurial profile, show the change of the entrepreneurship over the 2006-2010 time period, and identify the strengths and the weaknesses. Hungary is compared to three important country groups. GEDI is a useful tool for policy-oriented analysis. Unlike other research projects that provide rather general and uniform policy suggestions, GEDI offers individual country level, tailor-made policy recommendations. Based on the principle of the weakest link, we present an optimal policy mix for Hungary involving the eight weakest performing pillars to improve Hungary’s GEDI score.

Suggested Citation

  • László Szerb & Ruta Aidis & Zoltán J. Ács, 2012. "Entrepreneurship in Hungary in 2006-2010 based on the Global Entrepreneurship and Development Index (GEDI) methodology," Proceedings- 10th International Conference on Mangement, Enterprise and Benchmarking (MEB 2012), Óbuda University, Keleti Faculty of Business and Management.
  • Handle: RePEc:pkk:meb012:53-78
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    File URL: http://www.kgk.uni-obuda.hu/sites/default/files/05_Laszlo%20Szerb_1.pdf
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    References listed on IDEAS

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    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.
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