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. The authors expertly capture the contextual feature of
entrepreneurship by focusing on entrepreneurial attitudes,
entrepreneurial abilities and entrepreneurial aspirations. The data
and their contribution to the business formation process are
supported by three decades of research into entrepreneurship across
a host of countries. The unique index construction of individual
and institutional measures integrates 31 variables from various
data sources into 14 pillars, three sub-indexes and a 'super
index'. The relationship between entrepreneurship and economic
development appears to be more or less mildly S-shaped. The
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 development. The model has important
implications for development policy. This unique book will be
invaluable for researchers, policymakers and entrepreneurs keen to
expand their understanding of entrepreneurship and development.
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