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ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

Kristian Kremer

The Entrepreneurial Ecosys-

tem: A Country Comparison

Based on the GEI Approach

INTRODUCTION

GLOBAL ENTREPRENEURSHIP

INDEX METHODOLOGY

Structure of an Entrepreneurial Ecosystem

© ifo Institute Source: Global Entrepreneurship Index (2017).

EntrepreneursAttitudesAbility

Aspirations

E n t r e p r e n e u rial f r a m e w o r k c o n d i t i o n s E d u c a t i o n s y s t e m M arket structu re I n f r a s t r u c t u r e G o v e r n m e n t C o r p o r a t e s e c t o r F i n a n c i a l s e c t o r R D s y s t e m E n t r e p r e n e u r i a l t r i a l a n d e r r o r d y n a m i c ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

Structure of the GEI

GEI Correlations with Other Indices

© ifo Institute

Note: * indicates significance at 10 percent and ** at 5 percent level, respectively.

Source: Global Entrepreneurship Index (2017).

GCI IEF GEI

0.68**

ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

ENTREPRENEURIAL ECOSYSTEM

COUNTRY COMPARISON

Description of the GEI Pillars

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Correlations of GEI and the Three Sub-Indices with GDP per Capita (PPP)

Global Entrepreneurship Index (GEI)

R² = 0.8057

GDP Per Capita in 2011 US Dollars (PPP)GDP Per Capita in 2011 US Dollars (PPP)

Entrepreneurial Attitutes Sub-Index

R² = 0.6911

0102030405060708090100

010 00020 00030 00040 00050 00060 00070 000

Entrepreneurial Abilities Sub-Index

R² = 0.8043

Entrepreneurial Aspiration Sub-Index

R² = 0.7124

GEI Top 20 Ranking, 2011-2015 Average

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GEI Performance Relative to GDP per Capita of Germany, 2011Ǫ2015 Average

Global Entrepreneurship Index (GEI)

Entrepreneurial Attitutes Sub-Index

Entrepreneurial Abilities Sub-Index

Entrepreneurial Aspiration Sub-Index

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GEI Performance Relative to GDP per Capita of the United States, 2011Ǫ2015 Average

Global Entrepreneurship Index (GEI)

Entrepreneurial Attitutes Sub-Index

Entrepreneurial Abilities Sub-Index

Entrepreneurial Aspiration Sub-Index

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GEI Performance Relative to GDP per Capita of theUnited Kingdom, 2011Ǫ2015 Average

Global Entrepreneurship Index (GEI)

Entrepreneurial Attitutes Sub-Index

Entrepreneurial Abilities Sub-Index

Entrepreneurial Aspiration Sub-Index

ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

1. Opportunity

Perception

2. Start-up Skills

3. Risk Acceptance

4. Networking

5. Cultural Support

6. Opportunity Startup

7. Technology Absorption

8.Human Capital9. Competition10. Product Innovation11. Process

I nnovation12. High Growth13. Internationalization14. Risk Capital

Country Comparison of GEI Pillars

Ȗ2015 Average

5052545658606264666870

200820092010201120122013201420152016

Development of Three Sub-Indices and GEI Scores of Germany

Ȗ2016

ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

GERMANY"S ENTREPRENEURIAL ECOSYSTEM

7075808590

200820092010201120122013201420152016

Development of Three Sub-Indices and GEI Scores of the US and UK

Ȗ2016

US

5060708090

200820092010201120122013201420152016

UK ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

Germany"s GEI Data, 2011-2015 Average

US"s GEI Data, 2011-2015 Average

UK"s GEI Data, 2011-2015 Average

ifo DICE Report I I / 2019 Summer Volume 17ifo DICE Report I I / 2019 Summer Volume 17

SUMMARY AND CONCLUSION

REFERENCES

Research Policy

Small Business Eco-

nomics

The Global Entrepreneurship and Develop-

ment Index 2012

The Global Entrepreneurship and Develop-

ment Index 2011

The Global Entrepreneur-

ship Index 2017

Entrepreneurship - A Survey of the Literature

Regional Studies

Entrepreneurship

and Economic Growth,

Wie motiviert man Unter-

tik

KfW Economic Research

The Entrepreneur - An Economic Theory,

Entrepreneurship - Theory, Networks, History,

Entrepreneurship and Small Firms,

Journal of Industry, Competition and Trade (

Green Paper: Entrepreneurship in Europe,

Journal of Evolutionary Economics

Regional Studies

riple Helix

The Goal: A Process of Ongoing Improvement,

Regional Studies

Economic Modelling

Small Business Economics

Stanford Social Innovation Review

The Academy of Entrepreneurship Journal

Cologne Institute for Economic Research policy paper

The Academy of Management Review

CESifo DICE Report

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