The Global Entrepreneurship Index (GEINDEX)

97 Pages Posted: 15 Jun 2010

See all articles by Zoltan J. Acs

Zoltan J. Acs

Schar School of Policy and Government

László Szerb

University of Pécs

Date Written: June 15, 2010


This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away from simple measures of entrepreneurship across countries illustrating a U-shaped or L-shaped relationship to more complex measures, which are positively related to economic development. Implications for public policy suggest that institutions need to be strengthened before entrepreneurial resource can be deployed to drive innovation.

Keywords: Entrepreneurship, Development, Stages of Growth, Globalization, Innovation, Index, Knowledge, Institutions

JEL Classification: L26, O1, O3

Suggested Citation

Acs, Zoltan J. and Szerb, Laszlo, The Global Entrepreneurship Index (GEINDEX) (June 15, 2010). Foundations and Trends in Entrepreneurship Vol. 5, No. 5, pp 341-435, 2010 , Available at SSRN:

Zoltan J. Acs (Contact Author)

Schar School of Policy and Government ( email )

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Laszlo Szerb

University of Pécs ( email )

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Pécs, 7622


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