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

László Szerb

A chapter in 6th International Conference on Management, Enterprise and Benchmarking MEB 2008-Proceedings, 2008, pp 69-83 from Óbuda University, Keleti Faculty of Business and Management

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.

Date: 2008
ISBN: 9789637154737
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Citations: View citations in EconPapers (2)

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