Acs, Zoltan J.; Szerb, László - In: Foundations and Trends(R) in Entrepreneurship 5 (2009) 5, pp. 341-435
This paper constructs a Global Entrepreneurship Index (GEINDEX) that captures the contextual feature of entrepreneurship across countries. We find the relationship between entrepreneurship and economic development to be mildly S-shaped not U-shaped or L-shaped. Our findings suggest moving away...