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The global entrepreneurship index (GEINDEX)

Author

Listed:
  • Zoltán J. Ács

    (George Mason University)

  • László Szerb

    (University of Pécs)

Abstract

This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away from simple measures of entrepreneurship across countries illustrating a U-shaped or L-shaped relationship to more complex measures, which are positively related to economic development. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be deployed to drive innovation.

Suggested Citation

  • Zoltán J. Ács & László Szerb, 2009. "The global entrepreneurship index (GEINDEX)," Jena Economic Research Papers 2009-028, Friedrich-Schiller-University Jena.
  • Handle: RePEc:jrp:jrpwrp:2009-028
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    Keywords

    Entrepreneurship; Development; Stages of Growth; Globalization; Innovation; Index; Knowledge; Institutions;
    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

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