Features of Entrepreneurial Activities Indice in the World: Trends and Prospects

Abstract

This article analyses the influence of a number of factors on the entrepreneurial activities of the countries around the world. Accordingly, a number of criteria are proposed that allow structuring the data depending on the specific indicators measuring them, which are especially valuable on assessing entrepreneurship. Currently, there are a large number of statistical indicators reflecting entrepreneurial activities, which requires careful studies and analysis to make them more narrow and useable for policy making and entrepreneurial actions. Not only this situation makes the process of assessing the entrepreneurial activities more complicate, but also it can end to wrong decisions on national levels. Development of an evaluation system using methods for analysing big data, as well as specific calculations across different countries of the world, can provide key trends in the field of entrepreneurship. The quantitative data analysis for entrepreneurial activities of the countries around the world, offered by the authors, makes it possible to identify the reasons for such a wide variety of processes and factors, as well as to structure them. This research shows a clear vision about the entrepreneurship indices around the world and makes it possible to do the analysis on this issue using more relevant factors. Also a formula for predicting the trend in the next years is also provided in this research which is another tool for helping policy makers in this field. © 2019, Allied Business Academies. All rights reserved.