Table 6.
Entrepreneurship proxies | Correlation |
Small business ownership rate | 0.69 |
Small firm employment share | 0.30 |
Startup rate (GEM TEA) | 0.72 |
Billionaire entrepreneurs per capita | −0.33 |
VC investment as a share of GDP | −0.21 |
GDP per capita | −0.63 |
GDP, gross domestic product; GEM, Global Entrepreneurship Monitor; TEA, Total Entrepreneurial Activity; VC, venture capital.