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Entrepreneurship: Measurement and its role in global economic development

Entrepreneurship: Measurement and its role in global economic development. Zoltan J. Acs George Mason University Max Planck Institute of Economics Presentation at the seminar House of Sweden: „Beyond the Crisis – Implications for SMEs and Entrepreneurs”. This Diamond is a Real GEM.

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Entrepreneurship: Measurement and its role in global economic development

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  1. Entrepreneurship: Measurement and its role in global economic development Zoltan J. Acs George Mason University Max Planck Institute of Economics Presentation at the seminar House of Sweden: „Beyond the Crisis – Implications for SMEs and Entrepreneurs”

  2. This Diamond is a Real GEM GCI IEF EDB GEI GCI = Global Competitiveness Index IEF = Index of Economic Freedom EDB = Ease of Doing Business Index GEI = Global Entrepreneurship Index n=57

  3. Spearman Correlations between TEA and the Business Indexes GCI IEF EDB -.533** -.323* -.430** TEA GCI = Global Competitiveness Index IEF = Index of Economic Freedom EDB = Ease of Doing Business Index TEA = Early-stage entrepreneurial activity n=57

  4. Nascent entrepreneurship versus per capita income: the U-curve Source: Wennekers et al, 2005

  5. The Stages of Economic Development • Factor Driven Stage • Efficiency Driven Stage • Innovation Driven Stage

  6. Index Building • The Building Blocks • Attitudes • Activity • Aspirations • The Institutional Variables • Quality vs quantity • Dynamics of the Index • The bottleneck method • The case of Hungary

  7. Global Entrepreneurship Index versus per capita income

  8. Spearman Correlations between GE-Index and the Business Indexes GCI IEF EDB 0.80* 0.78 0.77 GEI GCI = Global Competitiveness Index IEF = Index of Economic Freedom EDB = Ease of Doing Business Index GEI = Global Entrepreneurship Index n=57

  9. The relative position of Hungary in terms of the entrepreneurial sub-indexes and the GEINDEX

  10. The relative position of Hungary in the indicator level

  11. Effect of crisis on nascent and new businesses

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