- Elgar original reference
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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