Introduction -- Entrepreneurship and economic growth -- Regional variation in entrepreneurial activity -- Human capital and entrepreneurship -- Entrepreneurship and employment growth -- Summary and conclusions -- A formulation of entrepreneurship policy.

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...