The greater availability of data on entrepreneurship is one of the main drivers behind the rush to build better startup ecosystems around the world. By revealing weak areas in a country’s entrepreneurship ecosystem and enabling cross-country benchmarking, more data is yielding important insights for better economic and regulatory policymaking.
Data projects have always varied in their methodology and even in their definitions of terms like “new business” and “entrepreneurial venture.” Further, parameters for business size and growth categories also vary widely across data sources. However, with more data sources emerging, we can now crosscheck or triangulate data to test whether a specific measure stands despite the differences in methodologies and definitions. For example, if the entrepreneurial pulse of a country is positive across methodologies, we can feel more confident about making a judgment about that nation’s entrepreneurship ecosystem.
To read the full, original article click on this link: A Growing Entrepreneurship Data Chest - Entrepreneurship.org
