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Entrepreneurship and strategies for economic development

Abstract

In this work, we analyse the characteristics of the entrepreneurial environment and examine whether a relation exists between these characteristics and the country’s stage of economic development. For this purpose, we use the national experts’ opinions from the Global Entrepreneurship Monitor Project. We aim to identify whether the experts’ opinions are in line with the different stages of economic development, or more specifically, whether we can see patterns in their opinions that reflect the different stages in the entrepreneurial environment of countries. If this proves to be the case, the information provided by the national experts in terms of facilitators of, and obstacles to, entrepreneurship and their recommendations for boosting entrepreneurial activity, would be useful to national governments in the design of entrepreneurial policies to help the country to move up to a higher stage of economic development. We use data from the survey of 1259 GEM project national experts from the 67 countries that participated in 2013. Our results confirm the existence of patterns that could be useful for policymakers dealing with entrepreneurship.

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Fig. 1

Source: Adapted from Bosma and Levie (2010)

Fig. 2

Source: the authors

Fig. 3

Source: the authors

Notes

  1. 1.

    See www.gemconsortium.org for more information on the GEM Project.

  2. 2.

    Japan did not complete the NES in 2013, and Taiwan’s data are not comparable to the other countries’.

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Correspondence to José María Biedma-Ferrer.

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Martínez-Fierro, S., Biedma-Ferrer, J.M. & Ruiz-Navarro, J. Entrepreneurship and strategies for economic development. Small Bus Econ 47, 835–851 (2016). https://doi.org/10.1007/s11187-016-9738-5

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Keywords

  • Entrepreneurship
  • Entrepreneurial environment
  • Economic development
  • GEM
  • NES

JEL Classifications

  • L26
  • O5
  • O57