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The Global Entrepreneurship And Development Index: A Us Perspective

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  • ZOLTAN J. ACS

    (School of Public Policy, George Mason University, Arlington, USA)

Abstract

This paper looks at the performance of the United States (US) on the Global Entrepreneurship and Development Index (GEDI), capturing the contextual features of entrepreneurship. The US ranks third on the GEDI. It performs well on the aspirations sub-index but lags on the attitudes and activity sub-indices. Its performance is strong in areas of startu skills, competition, and new technology but weak in cultural support, tech sector, and high-growth business. Performance is stronger on institutional variables than on individual variables. Apparent weakness in the tech sector, lack of cultural support for entrepreneurship and lack of high-growth business can be due to the changing political environment and international volatility, 1990s tech sector bubble burst, the recent recession, and the improving performance of other counties.

Suggested Citation

  • Zoltan J. Acs, 2011. "The Global Entrepreneurship And Development Index: A Us Perspective," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 2(01), pages 43-66.
    • Handle: RePEc:wsi:jicepx:v:02:y:2011:i:01:n:s179399331100021x
    DOI: 10.1142/S179399331100021X
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    References listed on IDEAS

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    4. Roy Thurik & Ingrid Verheul & Isabel Grilo & Reena Bhola, 2006. "Explaining engagement levels of opportunity and necessity entrepreneurs," Scales Research Reports H200610, EIM Business and Policy Research.
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    Cited by:

    1. Ebrahim Bonyadi & Lida Sarreshtehdari, 2021. "The Global Entrepreneurship Index (GEI): a critical review," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 469-488, December.
    2. Erik Stam & Andrew Ven, 2021. "Entrepreneurial ecosystem elements," Small Business Economics, Springer, vol. 56(2), pages 809-832, February.
    3. Zolt�n J. �cs & L�szl� Szerb & Raquel Ortega-Argil�s & Ruta Aidis & Alicia Coduras, 2015. "The Regional Application of the Global Entrepreneurship and Development Index (GEDI): The Case of Spain," Regional Studies, Taylor & Francis Journals, vol. 49(12), pages 1977-1994, December.
    4. Gustavo Crespi & Elena Arias-Ortiz & Ezequiel Tacsir & Fernando Vargas & Pluvia Zuñiga, 2014. "Innovation for economic performance: the case of Latin American firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 4(1), pages 31-50, June.
    5. Nguyen Thi Thu Ha & Lam Ba Hoa, 2018. "Evaluating Entrepreneurship Performance In Vietnam Through The Global Entrepreneurship Development Index Approach," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(01), pages 1-19, March.
    6. Yaron Zelekha, 2013. "The Effect of Immigration on Entrepreneurship," Kyklos, Wiley Blackwell, vol. 66(3), pages 438-465, August.
    7. Radzivon Marozau & Maribel Guerrero & David Urbano, 2021. "Impacts of Universities in Different Stages of Economic Development," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 1-21, March.
    8. Casas i Klett, Tomas & Cozzi, Guido & Diebold, Celine & Zeller, Camille, 2020. "Measuring Elite Quality," MPRA Paper 102068, University Library of Munich, Germany.

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    More about this item

    Keywords

    Entrepreneurship; development; stages of growth; globalisation; innovation; institutions; L26; O1; O3;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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