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Entrepreneurship in International Context

Posted by LMI Win-Win Network - On September 10, 2013 (EST)

Entrepreneurship in International Context

The Organisation for Economic Co-operation and Development’s (OECD) latest Statistics Newsletter summarizes the third edition of OECD’s Entrepreneurship at a Glance on pp. 10-11. These data are designed to comparably measure across countries the birth, death, survival and growth of enterprises, as well as their contribution to employment creation.

One of the project’s interesting findings is that the survival rates of enterprises after one year after their inception are very similar both across countries, and between the manufacturing and services sectors —about 85 to 90 percent despite the differences in regulatory frameworks and market conditions. Compared to other industrialized nations, U.S. creation of new businesses has been much less volatile since the beginning of 2007 (see the third chart), although U.S. bankruptcies spiked much more than in other countries during the downturn (see the link below).  

OECD’s Entrepreneurship and Business Statistics Web site (the source of the newsletter data) includes additional data, but the U.S. is not included in all the series. See especially the “database” selection, which allows customized searches.

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Modified On : September 10, 2013
Type : Thread
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In Relation : International Data

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