ANALYSİING THE ENTREPRENEURSHIP PERFORMANCE FOR OECD COUNTRIES VIA ENTROPY-MAUT INTEGRATED TECHNIQUE

Year 2017, Volume: 4 Issue: 1, 224 - 230, 30.06.2017

Gizem Sayan Akinci Ozge Eren

https://doi.org/10.17261/Pressacademia.2017.538

Abstract

The purpose
of this article is to analyse the entrepreneurship performance for OECD
countries based on the OECD data for the years 20142015. The set of
entrepreneurship indicators are part of the OECD-Eurostat Entrpreneurship
Indicators Program (EIP). EIP develops policyrelevant and internationally
comparable indicators based on an analytical model and measurement
infrastructure that allows gathering comparable data. The indicators that are
used in this model are; employees by business size, enterprises by business
size, self-employed with employees, self-employed without employees and
starting a business. We measure the entrepreneurship performance of OECD
countries by using the Entropy-Maut hybrid model. Entropy method has been used
to determine the weights of the above mentioned indicators and also these
weights have been used with MAUT (multi-attribute utility theory) to rank
entrepreneurship performance which is an important indicator for the economic
development. Our aim is to rank groups of countries with similar
entrepreneurial indicators and to determine the drivers of entrepreneurship in
each group. 

Keywords

Entrepreneurship, multi attribute utility theory, entropy, Ranking, OECD

References

• Acs ZJ, Audretsch DB, Evans DS 1994 The determinants of variations in self-employment rates across countries and over time. Discussion Paper 871, Centre for Economic Policy Research, London
• Audretsch, D. B., Verheul, I., Thurik, A. R., & Wennekers, S. (Eds.). 2002. Entrepreneurship: Determinants and Policy in a European–US Comparison. Boston and Dordrecht: Kluwer Academic Publishers.
• Audretsch, D.B., Fritsch, M., 2002. Growth regimes over time and space. Regional Studies 36, 113–124.
• Audretsch, D., Fritsch, M., 2003. Linking entrepreneurship to growth: The case of West Germany. Industry and Innovation 10, 65–73.
• Audretsch, D.B., 2007. Entrepreneurship capital and economic growth. Oxford Review of Economic Policy 23, 63–78.
• Blanchflower DG 2000. Self-employment in OECD countries. Labor Econ 7(5):471–505
• Blau D. 1987 A time-series analysis of self-employment in the United States. J Polit Econ 95(3):445–467
• Clausius, R. , (1867)”The Mechanical Theory of Heat – with its Applications to the Steam Engine and to Physical Properties of Bodies”. London
• Decker, R., Haltiwanger, J., Jarmin, R., Miranda, J., 2014. The role of entrepreneurship in US job creation and economic dynamism. The Journal of Economic Perspectives 28(3), 3–24.
• Elert, N., Henrekson, M. , Stenkula , M. 2017. Institutional Reform for Innovation and Entrepreneurship: An Agenda for Europe, IFN Working Paper No. 1150.
• Grilo I, Thurik AR. 2005 . Latent and actual entrepreneurship in Europe and the US: some recent developments. Int Entrep Manag J 1(4):441–459
• Grilo I, Irigoyen JM. 2006. Entrepreneurship in the EU: to wish and not to be. Small Bus Econ 26(4):305–318
• Keeney, R. L. and Raiffa, H. (1976). Decisions with Multiple Objectives: Preferences and Value Tradeoffs. Wiley,New York. Reprinted, Cambridge Univ. Press, New York (1993). MR0449476
• Saaty, T.L. The Analytic Hierarchy Process; McGraw-Hill: NewYork, NY, USA, 1980.
• Shannon, C.E. “A mathematical theory of communication”. Bell Syst. Tech. J. 1948, 27, 379–423
• Salman, D.M., Badr, K., 2011. Linking Entrepreneurship and Total Factor Productivity What are the Economic Setting Required? Paper prepared for the 17th annual international conference of the ERF.
• S.D. Pohekar, M. Ramachandran Application of multi-criteria decision making to sustainable energy planning—A review Birla Institute of Technology and Science (BITS), Pilani 333 031, India
• Van Stel, A., Carree, M., Thurik, R., 2005. The effect of entrepreneurial activity on national economic growth. Small business economics 24, 311–321.
• Vázquez, E., Gómes, S., Vieira, E., 2010. Entrepreneurship and economic growth in Spanish and Portuguese Regions. Regional and Sectoral Economics Studies 110–126.
• Wennekers, S., Van Wennekers, A., Thurik, R., Reynolds, P., 2005. Nascent entrepreneurship and the level of economic development. Small business economics 24, 293–309.
• Wennekers ARM .2006. Entrepreneurship at country level: economic and non-economic determinants, PhD thesis, Erasmus Research Institute of Management (ERIM), Rotterdam
• Wu, Jian-Zhang, and Qiang Zhang. "Multicriteria decision making method based on intuitionistic fuzzy weighted entropy." Expert Systems with Applications 38.1 (2011): 916-922.
• Zhang, H., Gu, C. L., Gu, L. W., & Zhang, Y. (2011). The evaluation of tourism destination competitiveness by TOPSIS & information entropy– A case in the Yangtze River Delta of China. Tourism Management, 32(2), 443-451.