Evaluation of the Global Entrepreneurship Index validity

Purpose: our objective is to assess whether the Global Entrepreneurship Index (GEI) a valid methodology for measuring national systems of entrepreneurship. Theoretical framework: we use structural equation modeling (SEM) as theoretical lens evaluate Index. Design/methodology/approach: achieve research objective, perform measure formative model GEI, using SmartPLS 3.0 software, in order verify convergent validity constructs; collinearity indicators and their relevance Findings: results obtained show that sub-indices are adequate However, identified there need replace micro-level components opportunity perception networking which provide distorted what understood productive or high impact Research, practical social implications: main contributions study directed indicators’ developers. We suggest capture aspects associated with high-impact technology-based entrepreneurship instead any attempt create new business, indicate generic short-sighted on state entrepreneurship, hampering comparative studies at country-level. Originality/value: although GEI based OECD recommendations construction composite (indices), have not (not even performed by developers) index