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What does “entrepreneurship” data really show?

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  • Zoltan Acs
  • Sameeksha Desai
  • Leora Klapper

Abstract

We compare two "entrepreneurship" datasets: Global Entrepreneurship Monitor (GEM) captures early-stage entrepreneurship and World Bank Group Entrepreneurship Survey (WBGES) captures business registration. GEM data is higher in developing economies than WBGES data, but this reverses in developed countries. We find differences related to local institutional conditions, after controlling for economic development. A possible explanation is WBGES measures formal entry, whereas GEM measures intent. This can be interpreted as the spread between individuals who could potentially operate businesses in the formal sector - and those that actually do. Our findings suggest entrepreneurs in developed countries have greater ease and incentives to incorporate.
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Suggested Citation

  • Zoltan Acs & Sameeksha Desai & Leora Klapper, 2008. "What does “entrepreneurship” data really show?," Small Business Economics, Springer, vol. 31(3), pages 265-281, October.
    • Handle: RePEc:kap:sbusec:v:31:y:2008:i:3:p:265-281
    DOI: 10.1007/s11187-008-9137-7
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    1. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 1-37.
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    8. Jonathan Levie & Erkko Autio, 2008. "A theoretical grounding and test of the GEM model," Small Business Economics, Springer, vol. 31(3), pages 235-263, October.
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    More about this item

    Keywords

    Entrepreneurship data; Global entrepreneurship monitor; World Bank; Entry; Institutions; L26; O10; POO;
    All these keywords.

    JEL classification:

    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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