27 May

Policies, investment and risks based on lacking data

GEM Bulgaria is conducting its first surveys on entrepreneurship in Bulgaria this year and will produce a country report in 2016.

The use of indices which have methodological flaws is risky and could lead to misguided policies and decisions. The Global Entrepreneurship Index (GEI) positions the countries according to few institutional indications and relies heavily on GEM data. Bulgaria is ranked at 44 position in the index based on the averaged data of GEM for Montenegro and Romania for 2011 and 2012 – two countries with very different demography, geography, cultural specifics and level of economic development. Investment, strategies and policy making, based on non-Bulgarian data has its risks and responsibilities.

Comment on an article.