Designing composite entrepreneurship indicators: An application using consensus PCA

Arbeitspapier

Existing indicators of entrepreneurial activity (such as the Global Entrepreneurship Monitor, Entrepreneurship Barometer, FORA's Entrepreneurship Index, OECD and Economic Commission's sets of indicators, among others) and several variables that have been considered good proxies for entrepreneurship during the last decades seem to be unsuitable to capture the complex relationship among economic, social, and demographic factors driving entrepreneurial activity. In order to suggest a consistent methodology for measuring entrepreneurship, we review some of the most well-known theoretical dimensions of entrepreneurship and a selection of associated indicators is proposed. Indicators and measures are grouped under theoretical categories and a set of entrepreneurship indicators is constructed using multivariate statistical analysis (Consensus PCA based on NIPALS, with an extension of Probability PCA for dealing with missing values) for a panel of developed and developing countries.

Object Details

• ISBN: 978-92-9230-212-2
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIDER Research Paper ; No. 2009/41

Classification and Topics

• Classification: Wirtschaft ; Entrepreneurship ; New Firms; Startups ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
• Subject: entrepreneurship ; index ; principal components analysis ; Entrepreneurship-Ansatz ; Index ; Hauptkomponentenanalyse

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Avanzini, Diego B.
• Event: Veröffentlichung
• (who): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (where): Helsinki
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/45162
• Last update: 10.03.2025, 11:44 AM CET