Summary
This study applies multi-criteria decision-making methodology to assess and rank entrepreneurial ecosystems across eight European countries using Global Entrepreneurship Monitor data. The authors integrate resource-based view theory with external environmental factors, introduce the ADAM-PSI approach for country ranking, and extend existing entrepreneurial ecosystem taxonomies. The analysis supports development of tailored policy recommendations for each country grouping to enhance entrepreneurship, innovation, sustainability and internationalisation.
UK applicability
If the United Kingdom was among the eight assessed countries, the ranking and policy recommendations would offer direct insight into UK entrepreneurial ecosystem positioning relative to peers. The methodology and extended taxonomy framework could inform UK policy design for entrepreneurship support, though applicability depends on whether UK-specific GEM data and contexts were adequately represented in the analysis period.
Key measures
Country rankings based on Global Entrepreneurship Monitor (GEM) data dimensions; entrepreneurial ecosystem taxonomy classification; axial-distance-based aggregated measurement (ADAM) method with preference selection index (PSI) weighting
Outcomes reported
The study ranked eight European countries based on Global Entrepreneurship Monitor data using a multi-criteria decision-making approach, and extended existing entrepreneurial ecosystem taxonomy with additional classification schemes. Analysis identified the importance of multiple dimensions of entrepreneurial ecosystems in assessing countries' entrepreneurship performance.
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