OPENING THE BLACK BOX OF ENTREPRENEURIAL SYSTEMS: AN APPLICATION OF THREE-STAGE DEA ON GLOBAL ENTREPRENEURSHIP INDEX

Resumo

Entrepreneurship is one of the key factors contributing to the countries’ economic growths. Implementing National Systems of Entrepreneurship (NSE) strategies to improve a country-level entrepreneurial performance has thus become one of the most important challenges for policymakers. The NSE performance is highly influenced by the complexities of interactions among individuals/entrepreneurs and their institutional context. An evaluation model that go beyond a score aggregate thinking and incorporates the multidimensional aspects of entrepreneurial process is highly needed. This study employed a three-stage Data Envelopment Analysis (DEA) method to measure the country-level efficiency. Our findings show that countries considered world leaders in entrepreneurship, such as the United States, are inefficient at some stages of the entrepreneurial process. Meanwhile, countries like Chile, Estonia and Slovenia are more efficient. Implications of our research encompass the need for policymakers to develop more in-depth knowledge concerning their own NSE.