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Designing Composite Entrepreneurship Indicators: An Application Using Consensus PCA

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  • Diego Bernardo Avanzini

Abstract

Existing indicators of entrepreneurial activity (such as the Global Entrepreneurship Monitor, Entrepreneurship Barometer, FORA's Entrepreneurship Index, OECD and Economic Commission's sets of indicators, among others) and several variables that have been considered good proxies for entrepreneurship during the last decades seem to be unsuitable to capture the complex relationship among economic, social, and demographic factors driving entrepreneurial activity.

Suggested Citation

  • Diego Bernardo Avanzini, 2009. "Designing Composite Entrepreneurship Indicators: An Application Using Consensus PCA," WIDER Working Paper Series RP2009-41, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2009-41
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    File URL: https://www.wider.unu.edu/sites/default/files/RP2009-41.pdf
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    References listed on IDEAS

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    1. Michael Freudenberg, 2003. "Composite Indicators of Country Performance: A Critical Assessment," OECD Science, Technology and Industry Working Papers 2003/16, OECD Publishing.
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    6. Deon Filmer & Lant Pritchett, 2001. "Estimating Wealth Effects Without Expenditure Data—Or Tears: An Application To Educational Enrollments In States Of India," Demography, Springer;Population Association of America (PAA), vol. 38(1), pages 115-132, February.
    7. David B. Audretsch & Roy Thurik, 2001. "Linking Entrepreneurship to Growth," OECD Science, Technology and Industry Working Papers 2001/2, OECD Publishing.
    8. Filmer, Deon & Pritchett, Lant, 1998. "Estimating wealth effects without expenditure data - or tears : with an application to educational enrollments in states of India," Policy Research Working Paper Series 1994, The World Bank.
    9. Cortinovis, I. & Vella, V. & Ndiku, J., 1993. "Construction of a socio-economic index to facilitate analysis of health data in developing countries," Social Science & Medicine, Elsevier, vol. 36(8), pages 1087-1097, April.
    10. Shin-ichi Fukuda & Takashi Onodera, 2001. "A New Composite Index of Coincident Economic Indicators in Japan: How can we improve the forecast performance? ," CIRJE F-Series CIRJE-F-101, CIRJE, Faculty of Economics, University of Tokyo.
    11. I. T. Jolliffe, 1973. "Discarding Variables in a Principal Component Analysis. Ii: Real Data," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 22(1), pages 21-31, March.
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    Cited by:

    1. Alfredo Pérez-Paredes & Pablo Palacios-Duarte & Amado Torralba-Flores, 2021. "Expectations and beliefs of Mexican entrepreneurs, from a gender perspective," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 15(2), pages 50-66.
    2. Andrés Solimano & Diego Bernardo Avanzini, 2010. "The International Circulation of Elites: Knowledge, Entrepreneurial and Political," WIDER Working Paper Series wp-2010-113, World Institute for Development Economic Research (UNU-WIDER).
    3. Michael Sheriff & Moreno Muffatto & Sarah Cooper, 2016. "Measuring entrepreneurship environments in Africa: challenges in using international reports," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 20(1/2), pages 20-44.

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