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Entrepreneurship Measurement and Comparison: Holistic Acceptability Global Entrepreneurship Index

Authors
  • Song, Lianlian1
  • Lai, Kin Keung2
  • Tso, Kwok Fai Geoffrey3
  • Yen, Jerome4
  • 1 Nanjing University of Aeronautics and Astronautics, Nanjing, 210016, China , Nanjing (China)
  • 2 Shenzhen University, Shenzhen, 518060, China , Shenzhen (China)
  • 3 City University of Hong Kong, Hong Kong, China , Hong Kong (China)
  • 4 University of Macau, Macau, China , Macau (China)
Type
Published Article
Journal
Journal of Systems Science and Complexity
Publisher
Academy of Mathematics and Systems Science, Chinese Academy of Sciences
Publication Date
Dec 01, 2020
Volume
33
Issue
6
Pages
1959–1979
Identifiers
DOI: 10.1007/s11424-020-8240-y
Source
Springer Nature
Keywords
License
Yellow

Abstract

The Global Entrepreneurship and Development Institute annually publishes the Global Entrepreneurship Index (GEI) to show entrepreneurship of each country/area. The GEI is obtained by averaging the scores of three sub-indexes, entrepreneurial attitudes, entrepreneurial abilities and Entrepreneurial aspirations. However, this GEI construction method with equal weights for three subindexes may be controversial, since the relative importance among the three sub-indexes may vary across countries and areas due to economic and social/cultural reasons. This study comprehensively considers all possible weights, and formulates an interval entrepreneurship evaluation matrix. Employing the Stochastic multicriteria acceptability analysis, the authors build an improved GEI, which the authors term the Holistic Acceptability Global Entrepreneurship Index. This method differs from the conventional wisdom that assigns exact values to corresponding weights, but explores a weight space considering all possible weight sets. Finally, the proposed method is confirmed using an empirical study measuring and comparing the entrepreneurship of the top 20 countries and areas in terms of 2017 GEI.

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