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 6: Methodology and data description

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

In the previous chapters, we have analyzed the Global Entrepreneurship and Development Index (GEDI) from many perspectives. In this chapter, we are concerned with methodological issues. Index-building is a complex task that faces several potential pitfalls, starting with the vague and various definitions of a concept like entrepreneurship. We favor a complex perception of entrepreneurship and believe that this complexity requires a complex index, as opposed to the single measures often used. While we provide an exact description of entrepreneurship, in practical terms it is closer to a permeable frame than a closed box. Our approach to entrepreneurship involves four important aspects. First, we view entrepreneurship as a concept of quality rather than quantity.

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