Skip to main content

The Global Entrepreneurship and Development Index

  • Chapter
  • First Online:
Global Entrepreneurship and Development Index 2015

Part of the book series: SpringerBriefs in Economics ((BRIEFSECONOMICS))

Abstract

The modern “temple” of the entrepreneurial ecosystem is like many temples of the ancient world: both are held up by pillars. Today’s economic ecosystem is supported by the pillars of development, which are held together by the cement of incentives created by institutions that influence the behavior of individuals. If a fully developed economy is to continue to flourish, these pillars need constant attention, continuous improvement, and careful maintenance, and they must be of similar height and strength.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Notes

  1. 1.

    For a review of the literature, see Acs and Virgil (2011).

  2. 2.

    See Easterly (2001), who identifies the slowdowns in the economies of OECD trading partners of LDCs as a possible cause of the disappointing growth performance.

  3. 3.

    The following identify several dimensions of entrepreneurship: Gartner (1990), Davidsson (2004), Wennekers and Thurik (1999), Godin et al. (2008).

  4. 4.

    The Global Competitiveness Report 2013–2014, p. 22.

References

  • Acemoglu, D., & Johnson, S. (2005). Unbundling institutions. Journal of Political Economy, 113, 949–995.

    Article  Google Scholar 

  • Acs, Z. J. (2010). Entrepreneurship and economic development: The valley of backwardness. Annals of Innovation and Entrepreneurship, 1, 1–18.

    Article  Google Scholar 

  • Acs, Z. J., Autio, E., & Szerb, L. (2014). National systems of entrepreneurship: Measurement issues and policy implications. Research Policy, 43(3), 476–494.

    Article  Google Scholar 

  • Acs, Z. J., Braunerhjelm, P., & AudretschDB, Carlsson B. (2009). The knowledge spillover theory of entrepreneurship. Small Business Economics, 32(1), 15–30.

    Article  Google Scholar 

  • Acs, Z.J., Parsons, W., & Tracy, S. (2008). High impact firms: Gazelles revisited. Office of advocacy working paper, U.S. Small Business Administration. Available from http://www.sba.gov/advocacy/847/17231.

  • Acs, Z. J., & Varga, A. (2005). Entrepreneurship, agglomeration and technological change. Small Business Economics, 24, 323–334.

    Article  Google Scholar 

  • Acs, Z. J., & Virgil, N. (2011). Entrepreneurship and economic development. Foundations and Trends in Entrepreneurship, 6(1), 1–68.

    Article  Google Scholar 

  • Banerjee, A. V., & Duflo, E. (2012). Poor economics: A radical rethinking of the way to fight global poverty. New York: Public Affairs.

    Google Scholar 

  • Bates, T. (1990). Entrepreneur human capital inputs and small business longevity. The Review of Economics and Statistics, 72, 551–559.

    Article  Google Scholar 

  • Baumol, W. (1990). Entrepreneurship: Productive, unproductive and destructive. Journal of Political Economy, 98, 893–921.

    Article  Google Scholar 

  • Baumol, W., Litan, R., & Schramm, C. (2007). Good capitalism, bad capitalism, and the economics of growth and prosperity. New Haven: Yale University Press.

    Google Scholar 

  • Bhola, R., Verheul, I., Thurik, R., & Grilo, I. (2006). Explaining engagement levels of opportunity and necessity entrepreneurs. EIM working paper series H200610, 2006. Zoetermeer: EIM Business and Policy Research.

    Google Scholar 

  • Caliendo, M., Fossen, F. M., & Kritikos, A. S. (2009). Risk attitudes of nascent entrepreneurs: New evidence from an experimentally validated survey. Small Business Economics, 32, 153–167.

    Article  Google Scholar 

  • Coad, A., & Rao, R. (2008). Innovation and firm growth in ‘complex technology’ sectors: A quantile regression approach. Research Policy, 37, 633–648.

    Article  Google Scholar 

  • Davidsson, P. (2004). Researching entrepreneurship. New York: Springer.

    Google Scholar 

  • De Clercq, D., Sapienza, H. J., & Crijns, H. (2005). The internationalization of small and medium firms. Small Business Economics, 24, 409–419.

    Article  Google Scholar 

  • Easterly, W. (2001). The lost decade: Developing countries’ stagnation in spite of policy reform 1980–1998. Journal of Economic Growth, 6, 141–143.

    Google Scholar 

  • Gartner, W. B. (1990). What are we talking about when we talk about entrepreneurship? Journal of Business Venturing, 5(1), 15–28.

    Article  Google Scholar 

  • Godin, K., Clemens, J., & Veldhuis, N. (2008). Measuring entrepreneurship conceptual frameworks and empirical indicators. Studies in Entrepreneurship Markets 7.

    Google Scholar 

  • Gompers, P., & Lerner, J. (2004). The venture capital cycle. Cambridge: MIT Press.

    Google Scholar 

  • Groh, A., Liechtenstein, H., & Lieser, K. (2012). The global venture capital and private equity country attractiveness index.

    Google Scholar 

  • Guiso, L., Sapienza, P., & Zingales, L. (2006). Does culture affect economic outcomes? CEPR discussion paper no. 5505. Retrieved from http://ssrn.com/abstract=905320.

  • Ketkar, S., & Acs, Z. J. (2013). Where angels fear to tread. Journal of International Entrepreneurship, 1, 201–219.

    Article  Google Scholar 

  • Leibenstein, H. (1968). Entrepreneurship and development. American Economic Review, 38(2), 72–83.

    Google Scholar 

  • Papagiannidis, S., & Li, F. (2005). Skills brokerage: A new model for business start-ups in the networked economy. European Management Journal, 23, 471–482.

    Article  Google Scholar 

  • Porter, M., Sachs, J., & McArthur, J. (2002). Executive summary: Competitiveness and stages of economic development. In M. Porter, J. Sachs, P. K. Cornelius, J. McArthur, & K. Schwab (Eds.), The global competitiveness report 2001–2002 (pp. 16–25). New York: Oxford University Press.

    Google Scholar 

  • Rostow, W. W. (1960). The stages of economic growth: A non-communist manifesto. Cambridge: Cambridge University Press.

    Google Scholar 

  • Sachs, J. (2005). The end of poverty: Economic possibilities for our time (pp. 22–23). New York: Penguin Press.

    Google Scholar 

  • Shane, S., & Cable, D. (2003). Network ties, reputation, and the financing of new ventures. Management Science, 48, 364–381.

    Article  Google Scholar 

  • Stam, E., & Wennberg, K. (2009). The roles of R&D in new firm growth. Small Business Economics, 33(1), 77–89.

    Article  Google Scholar 

  • Wennekers, S., & Thurik, R. (1999). Linking entrepreneurship to economic growth. Small Business Economics, 13(1), 27–55.

    Article  Google Scholar 

  • Woolridge, A. (2009). Global heroes: A special report on entrepreneurship. The Economist, March 14, 2009, pp. 1–19.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Zoltan J. Acs .

Rights and permissions

Reprints and permissions

Copyright information

© 2016 The Author(s)

About this chapter

Cite this chapter

Acs, Z.J., Szerb, L., Autio, E. (2016). The Global Entrepreneurship and Development Index. In: Global Entrepreneurship and Development Index 2015. SpringerBriefs in Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-26730-2_2

Download citation

Publish with us

Policies and ethics