Entrepreneurial Progress: Climbing the Entrepreneurial Ladder in Europe and the United States

Peter Van Der Zwan, Ingrid Verheul (), Roy Thurik and Isabel Grilo

Regional Studies, 2013, vol. 47, issue 5, 803-825

Abstract: Van der Zwan P., Verheul I., Thurik R. and Grilo I. Entrepreneurial progress: climbing the entrepreneurial ladder in Europe and the United States, Regional Studies . This study investigates which countries have the highest potential to achieve entrepreneurial progress. This progress is defined as an entrepreneurial ladder with five successive steps: 'never thought about starting a business', 'thinking about it', 'taking steps', 'running a young business' and 'running a mature business'. The influences of individual-level and country-level variables on the progression through these stages are analysed. Data from twenty-seven European countries and the United States are used (2007 Flash Eurobarometer Survey on Entrepreneurship). Findings show that in the United States many people think about setting up a business, whereas Europeans are better at achieving higher levels of engagement. Country differences can be explained mainly by levels of risk tolerance and economic development. A country's level of administrative complexity does not play a role, but individual perceptions of this complexity are a hindering factor.

Date: 2013
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DOI: 10.1080/00343404.2011.598504

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