Defining and Measuring Entrepreneurship

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Now Publishers Inc, 2008 - Business & Economics - 67 pages
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Defining and Measuring Entrepreneurship reviews the most common concepts of entrepreneurship from the theoretical economics literature, identifying common elements and pointing to important differences. The purpose is to compare these theoretical ideas of entrepreneurship with the measures used in empirical country-level studies. Since a coherent or unifying definition of entrepreneurship has not emerged, the authors explain that it is important to be precise about the relationship between the different theoretical aspects of entrepreneurship and the empirical measures. This is revealed by comparing entrepreneurial activity across OECD countries using measures that reflect different theoretical aspects. Based on various data sources, the relative ranking of countries is very sensitive to the empirical measure used.
 

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Contents

Introduction
1
Defining Entrepreneurship
3
21 Early Definitions
4
22 Schumpeter and Knight
5
23 Kirzner and Schultz
8
24 Recent Theories
10
25 The Entrepreneur in Economic Modeling
11
26 Discussion
13
33 The Business Ownership Rate
25
34 Entry and Exit Rates
26
35 GEM and the Total Entrepreneurial Activity Index
31
36 Other Measures
34
Comparison and Discussion
39
Conclusion
45
Appendix
47
A1 SelfEmployment Rates
48

Measuring Entrepreneurship
17
31 The SelfEmployment Rate
18
32 Modifications of the SelfEmployment Rate
23
Acknowledgments
59
References
61
Copyright

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Popular passages

Page 62 - Evans, 1986, The Economics of Small Business: Their Role and Regulation in the US Economy, New York: Holmes and Meier.
Page 62 - The Determinants of Entry and Exit Rates into US Manufacturing Industries.
Page 61 - Audretsch, DB (2002a), Entrepreneurship: A Survey of the Literature (prepared for the European Commission, Enterprise Directorate General ed.). Audretsch, DB (2002b). Entrepreneurship determinants and policy in a European-US comparison (Economics of science, technology, and innovation No. v. 27). Boston: Kluwer Academic Publishers. Audretsch, D
Page 61 - Acs, ZJ and DB Audretsch (1989) 'Small-Firm Entry in US Manufacturing', Economica 56 (2), 255-265.
Page 64 - Entrepreneurship in the EU: to wish and not to be', Small Business Economics, 26 (4), 305-18.

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