This volume captures the context features of entrepreneurship and fills a gap in the
measurement of development. Building on recent advances in entrepreneurship and economic
development the authors have created an index that offers a measure of the quality of the
business formation process in 120 of the most important countries in the world. The authors
expertly capture the contextual feature of entrepreneurship by focusing on entrepreneurial
attitudes entrepreneurial abilities and entrepreneurial aspirations. The data and their
contribution to the business formation process are supported by three decades of research into
entrepreneurship across a host of countries. The Global Entrepreneurship and Development Index
is a construction of individual and institutional measures that integrates 31 variables from
various data sources into 15 pillars three sub-indexes and a 'super index'. The relationship
between entrepreneurship and economic development appears to be more or less mildly S-shaped.
The 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 development. The model has important implications for development policy. This
unique book will be invaluable for researchers policymakers and entrepreneurs keen to expand
their understanding of entrepreneurship and development.
