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The global entrepreneurship index (GEINDEX)

Zoltan Acs () and László Szerb ()

No 2009-028, Jena Economic Research Papers from Friedrich-Schiller-University Jena

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.

Keywords: Entrepreneurship; Development; Stages of Growth; Globalization; Innovation; Index; Knowledge; Institutions (search for similar items in EconPapers)
JEL-codes: L26 O1 O3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cse, nep-ent, nep-hrm and nep-ino
Date: 2009-04-14
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