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The Danish Entrepreneurship Index Istanbul, 2007

The Danish Entrepreneurship Index Istanbul, 2007. Anders Hoffmann, Ph.D. Creative Director, FORA Ministry of Economic and Business Affairs, Division for Research and Analysis. Political motivation. The Danish Government’s Political Platform

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The Danish Entrepreneurship Index Istanbul, 2007

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  1. The Danish EntrepreneurshipIndexIstanbul, 2007 Anders Hoffmann, Ph.D. Creative Director, FORA Ministry of Economic and Business Affairs, Division for Research and Analysis

  2. Political motivation The Danish Government’s Political Platform • The Government will draw up an ambitious, holistic and multi-year strategy to make Denmark a leading growth, knowledge and entrepreneurial society • Our goal is for Denmark, by 2015, to be one of the societies in the world where most growth enterprises are launched

  3. Analytical approach Knowledge Statistics FORA Policy

  4. Entrepreneurship is a process Exit 25% Eurostat General population Want-to-be 30% Entry 1% Survival 70% Growth 5% GEM ICE

  5. Comparing Performance- Creating New Firms EUROSTAT Employee-firms

  6. Comparing Performance- Generating High-Growth Entrepreneurs

  7. Identifying key policy areas - Methodology • The framework conditions for entrepreneurship are defined and quantified • The empirical links between the indicators measuring the framework conditions and the indicators measuring high growth are tested • Identify key policy areas for enhancing entrepreneurship performance based on regression and comparative techniques

  8. Identifying key policy areas for enhancing entrepreneurship performance

  9. Distance between Denmark and the top countries -80 -70 -60 -50 -40 -30 -20 -10 0 10 20 30 Incentives Income taxes Business taxes Bankruptcy Administrative burdens - start Administrative burdens - growth Labour market regulation

  10. Change T4 Change DK–T4 Change DK - 10 0 10 - 10 0 10 - 10 0 10 Incentives Income taxes Business taxes Bankruptcy Administrative burdens - start Administrative burdens - growth Labour market regulation

  11. Conclusions • We have identified Denmark’s main policy challenge – creating more high-growth firms. • We have identified 4 critical policy areas for Denmark – entrepreneurship education, taxes, entrepreneurship infrastructure and bankruptcy legislation. Detailed policy analysis is possible using a combination of data and knowledge!

  12. Contact information • AH@ebst.dk • www.foranet.dk • http://ice.foranet.dk Without data you are just another guy with an opinion!

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