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GLOBAL ENTREPRENEURSHIP MONITOR PROJECT

Wednesday 25 May 2011, by Romain Sautard

The Global Entrepreneurship Monitor (GEM) project began in 1999 and is a unique research project which annually measures entrepreneurial activity in many countries. The project also aims to study the relationship between entrepreneurship and economic growth. Fifty-nine countries participated in the GEM twelfth edition in 2010. The Kauffman Foundation, the Babson College [1], USA, and the London Business School [2] are one of the three main founders of the GEM project.

This project aims to bring together world experts to study the complex relationship between entrepreneurship and economic growth. The GEM project seeks to provide objective response to three questions:

  • Does the level of entrepreneurial activity vary among countries, and if so, to what extent?
  • Does the level of entrepreneurial activity affect economic growth of a country?
  • What are the factors that determine the entrepreneurial orientation of a country?

The GEM study uses three main sources of empirical data: (1) a telephone survey on a representative sample of at least 2,000 people aged 18 to 64 in each of the 59 countries involved in the project; (2) interviews with 36 experts on entrepreneurship in each country; and (3) a set of standardized national data produced by international organizations like the Organization for Economic Cooperation and Development, the World Bank, International Monetary Fund and the International Labor Office.

The GEM studies focus on the entrepreneur. This is an important distinction with other statistics on business start-ups that focus on the enterprise as a legal entity.

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