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The innovation-driven economies and entrepreneurial activity through a cluster analysis

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A main aspect of Entrepreneurial activity is the extent to which people in a population are creating new business activity, both in absolute terms and relative to other economic activities, such as business closure. Within the realm of new business activity, different types of entrepreneurial activity can be distinguished. For example, business creation may vary by industry sector, by the size of the founding team, and by whether the new venture is legally independent of other businesses, and in terms of founder demographics, such as gender, age, or education (Global Entrepreneurship Monitor, 2009). Therefore this article selects the 20 countries; classified as Innovation-Driven Economies, from 2009 Global Entrepreneurship Monitor data. By using the Entrepreneurial Activity key indicators and applying the cluster hierarchical analysis techniqu e, two clusters were found to measure differences and preliminary results show a clear measure differ ences in the level of entrepreneurial activity among countries. And according this is possible to identify policies that may enhance the national level of entrepreneurial activity in those countries.

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Innovation-driven economies Entrepreneurial activity Cluster analysis

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Citation

Pires, José Adriano; Fernandes, Paula O.; Lopes, Joana (2013). The innovation-driven economies and entrepreneurial activity through a cluster analysis. Journal of Global Entrepreneurship. ISSN 2229-9203. 4:1, p.43-55.

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Global Research Agency

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