Entrepreneurial Activity and Entrepreneurial Environment? A Reexamination of the GEM's Approach

20 Pages Posted: 20 Sep 2007

See all articles by Julio O. de Castro

Julio O. de Castro

Instituto de Empresa Business School

Rachida Justo

Instituto de Empresa

Alberto Maydeu Olivares

Fundación Instituto de Empresa, S.L.

Date Written: October 1, 2005

Abstract

In this paper we re-examine the measurement of entrepreneurial activity and provide a model-based approach at measure. The Global Entrepreneurship Monitor (GEM) project has been a key addition to our ability to measure and compare rates of entrepreneurial activity. But even though there is consensus about the importance of measuring entrepreneurial activity, researchers differ about the appropriate ways to measure the breadth of entrepreneurial activity.

We analyze the GEM's measure of entrepreneurial activity (TEA), address limitations in its design and development and provide an alternative measure of entrepreneurial activity, which includes entrepreneurial environment. We use a model-based approach to measure entrepreneurship activity and our results indicate that the model provides support for the combined use of entrepreneurial activity and entrepreneurial environment.

Keywords: Entrepreneurship- Entrepreneurial Activity- Entrepreneurial Environment

JEL Classification: M13

Suggested Citation

de Castro, Julio O. and Justo, Rachida and Maydeu Olivares, Alberto, Entrepreneurial Activity and Entrepreneurial Environment? A Reexamination of the GEM's Approach (October 1, 2005). Instituto de Empresa Business School Working Paper No. WP05-01. Available at SSRN: https://ssrn.com/abstract=1015844 or http://dx.doi.org/10.2139/ssrn.1015844

Julio O. De Castro (Contact Author)

Instituto de Empresa Business School ( email )

Serrano 99
Madrid, 28006
Spain

Rachida Justo

Instituto de Empresa ( email )

Serrano, 105
Madrid, 28006
Spain
915689654 (Phone)

Alberto Maydeu Olivares

Fundación Instituto de Empresa, S.L. ( email )

Mª Molina, 11,13,15
Madrid, Madrid 28006
Spain
915 689 732 (Phone)

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