Global Entrepreneurship and Development Index 2013

Global Entrepreneurship and Development Index 2013

Elgar original reference

Zoltán J. Ács, László Szerb and Erkko Autio

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 118 of the most important countries in the world.

Chapter 1: Introduction to the 2013 Global Entrepreneurship and Development Index

Zoltán J. Ács, László Szerb and Erkko Autio

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 third edition of the Global Entrepreneurship and Development Index (GEDI). The GEDI mission is to provide a detailed look into the entrepreneurial character of nations. This composite index, which includes both individual-and country-level institutional data, gives policymakers a tool that helps them understand the entrepreneurial strengths and weaknesses of their countries’ economies, and thereby enables them to implement policies that foster productive entrepreneurship. The world economy has started, slowly, to recover from the great recession. But perils prevail. Whereas some parts of the world have weathered the ‘great recession’ and returned to growth, others continue to struggle with massive debt and lackluster growth. Entrepreneurship plays an important role in both dynamics. In countries such as China, entrepreneurs can help reduce economic dependency on infrastructural investment by catalyzing consumer demand. In countries still suffering the consequences of financial excess, entrepreneurs are having a more difficult time in turning the economy around, as uncertainty saps business confidence. For example, in Greece, all measures of entrepreneurship are down. The GEDI has been designed to help governments figure out how they can harness the power of entrepreneurship to address both challenges.