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Why do so many people say they want to start their own business, but so few actually do it? What are the factors that shape the decision to become an entrepreneur — regulatory framework and market conditions, entrepreneurial capabilities and culture, access to finance, R&D and technology? How has the
economic crisis affected small firms seeking finance ?
To answer these and many other questions on entrepreneurship, internationally comparable statistics on entrepreneurship and its determinants are needed.
This publication does just that. It summarises the results and lessons learnt from work done so far by the joint OECDEurostat Entrepreneurship Indicators Programme, which aims to develop a comprehensive framework for measurement of entrepreneurial activity.
It focuses on determinants of entrepreneurship, such as entrepreneurial culture, education and skills level of labour force that can be of benefit to a region or a country. The views of experts from around the world were gathered during several workshops and studies. The book also has a summary of data on another important determinant — access to finance, showing how the situation changed between 2007 and 2010, thus making possible a comparison with the situation prior to the financial crisis.
The publication aims to motivate academics and statisticians in their attempts to define internationally-comparable indicators for measuring the quality of entrepreneurial education and access to venture capital, as well as the indicators that are more subjective in nature, such as those related to culture and entrepreneurial capabilities.
The publication seeks to help policymakers to understand better the rate and types of entrepreneur activity, as well as its determinants and its impact on job creation, economic growth and wealth and to help them develop initiatives to facilitate access to finance for Small and Medium-sized Enterprises (SMEs), creating an environment favourable to business creation and growth, and encouraging an entrepreneurial culture.
For more information, go to the OECD and Eurostat websites where you will find a presentation on the joint Entrepreneurship Indicators Programme, as well as data on business demography, job creation, and SMEs in general.