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The Global Entrepreneurship Index (GEINDEX)
Foundations and Trends® in
Entrepreneurship
Volume 5 Issue 5
DOI: 10.1561/0300000027
The Global Entrepreneurship Index (GEINDEX)
Zoltán J. Ács
School of Public Policy, George Mason University, Fairfax, VA, 22030,
USA, zacs@gmu.edu
Max Planck Institute of Economics, Jena, Germany
László Szerb
Faculty of Business and Economics, University of Pécs, Pécs, Rákóczi 80,
H-7622, Hungary, szerb@ktk.pte.hu
SUGGESTED CITATION:
Zoltán J.
Ács
and
László
Szerb
(2009)
"The Global Entrepreneurship Index (GEINDEX)",
Foundations and Trends® in Entrepreneurship: Vol. 5: No 5, pp 341-435.
http:/dx.doi.org/10.1561/0300000027
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. |
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