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3 Measuring entrepreneurship.(Defining and Measuring Entrepreneurship)

Foundations and Trends in Entrepreneurship, January, 2008 by Iversen, Jens; Jorgensen, Rasmus; Malchow-Moller, Nikolaj

Given the disagreement among scholars on the definition of entrepreneurship, is it then possible to measure the level of entrepreneurial activity? Clearly, the answer to this question is not straightforward and we need to address several issues before we may provide a satisfactory response.

As argued above, entrepreneurship is probably best considered a multifaceted concept which implies that it is not possible to construct an aggregate measure reflecting the "total" amount of entrepreneurial activity in a given area. For instance, even if we could count the number of innovations made by the entrepreneurs and measure the amount of uncertainty-bearing by entrepreneurs, no aggregate measure of entrepreneurship can be combined from these two indicators. We would...

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