Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31778
Authors: 
Ács, Zoltán J.
Szerb, László
Year of Publication: 
2009
Series/Report no.: 
Jena economic research papers 2009,028
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.
Subjects: 
Entrepreneurship
Development
Stages of Growth
Globalization
Innovation
Index
Knowledge
Institutions
JEL: 
L26
O1
O3
Document Type: 
Working Paper

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