Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data (Special Issue)

Abstract

This special issue of Small BusinessEconomicsis dedicated to research that uses data collected as part ofthe Global Entrepreneurship Monitor (GEM). In the introductory article,the main results of papers presented at the First GEM Research Conference inBerlin in April 2004 are highlighted. These findings lead to three broadconclusions. First, the prevalence and economic role of entrepreneurship differ acrossthe stages of economic development; more specifically, a U-shaped relationshipexists between entrepreneurship rates and the level of economic development.Second, it appears that different types of entrepreneurship have differentimpacts on a nation's rates of innovation and economic growth: the researchsuggests that knowledge spillovers and economic development are enhanced byhigh-growth startups and opportunity entrepreneurship. Finally,entrepreneurship is a regional event, which means that the matching ofdifferent interests and parties must be organized at the regional or locallevel. (SAA) Table of Contents Determinants and Effects of New Business Creation Using GlobalEntrepreneurship Monitor Data, Rolf Sternberg and Sander Wennekers Global Entrepreneurship Monitor: Data Collection Design and Implementation1998–2003, Paul Reynolds, Niels Bosma, and Erkko Autio, Steve Hunt, NatalieDe Bono, Isabel Servais, Paloma Lopez-Garcia, Nancy Chin Perceptual Variables and Nascent Entrepreneurship, Pia Arenius and MariaMinniti A Network-based Approach on Opportunity Recognition, Pia Arenius and DirkDe Clercq Entrepreneurship: The Role of Clusters Theoretical Perspectives andEmpirical Evidence from Germany, Hector O. Rocha and Rolf Sternberg Nascent Entrepreneurship and the Level of Economic Development, SanderWennekers, André van Wennekers, Roy Thurik, Paul Reynolds The Effect of Entrepreneurial Activity on National Economic Growth, Andrévan Stel, Martin Carree, and Roy Thurik Entrepreneurship, Agglomeration and Technological Change, Zoltán J. Ácsand Attila Varga Entrepreneurship, Innovation and Economic Growth: Evidence from GEM Data,Poh Kam Wong, Yuen Ping Ho, and Erkko Autio

Keywords: Entrepreneurial activity, Global Entrepreneurship Monitor (GEM), High growth firms, Regional development, Economic development, Developing countries, Economic growth, Developed countries, Startup rates, Knowledge spillovers, Innovation process, Public policies