The Global Entrepreneurship Monitor(GEM Model)
Since its inception, GEM has sought to explore the widely accepted link between entrepreneurship and economic development. To understand this central aim, GEM defined a conceptual model that sets out key elements of the relationship between entrepreneurship and economic growth, and the way in which the elements interact. It took as its starting point the recognition that while other scholars had defined the general national framework conditions for established enterprise to thrive, a different set of “entrepreneurial framework conditions” (EFCs) in addition to both entrepreneurial capacity and entrepreneurial opportunities, were needed to enable new business activity.Full Download Global Entrepreneurship Monitor 2013
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