Global Entrepreneurship and Development Index 2012

Global Entrepreneurship and Development Index 2012

Elgar original reference

Zoltán J. Ács and László Szerb

The Global Entrepreneurship and Development Index both captures the context features of entrepreneurship and fills a gap in the measurement of development. Building on recent advances in entrepreneurship and economic development, the authors have created an index that offers a measure of the quality of the business formation process in 79 of the most important countries in the world.

Preface

Zoltán J. Ács and László Szerb

Subjects: business and management, entrepreneurship, development studies, development economics, economics and finance, development economics, economics of entrepreneurship, regional economics, innovation and technology, economics of innovation, urban and regional studies, regional economics

Extract

This is the second edition of the Global Entrepreneurship and Development Index (GEDI). The mission of GEDI is to offer a detailed look into the entrepreneurial character of nations. This composite index combines both individualand country-level data to offer policymakers a tool to understand the entrepreneurial strengths and weaknesses of their economies, and by so doing enable them to implement policies to foster productive entrepreneurship. The purpose of the Global Entrepreneurship and Development Index is to contribute to a more complete understanding of economic development.1 The Index is a powerful tool to measure how ‘fast the future’ is spreading around the world. Like a global positioning system, the GEDI can pinpoint a time and place and identify its strengths and weaknesses relative to other countries. Moreover, it offers a measure of the quality and scale of the firm formation process in the most important countries in the world. The GEDI captures the contextual feature of entrepreneurship by focusing on entrepreneurial attitudes, entrepreneurial action and entrepreneurial aspirations – the ‘3As’ of development. The GEDI is part of a long-term research project aimed at measuring global progress. It is an annual evaluation that over the decades will give us a valuable database on most countries in the world. The goal of the GEDI is to include most countries of the world by 2015. Not only will this allow us to improve institutions around the world, it will also allow us to see which countries are making progress and which policies are working. By...