Entrepreneurship in Spain: An Analysis Based on GEI Model

Abstract

This paper has analyzed the entrepreneurial ecosystem in Spain, using the GEI (global entrepreneurship index). In this paper, first, the existing literature on entrepreneurship in Spain is reviewed, followed by a review of the EE concept (Entrepreneurial Ecosystem). After that, the level of entrepreneurship in Spain is analyzed with the help of indicators such as Self-employment and TEA. To analyze both individual and institutional indicators, the GEI (Global Entrepreneurship Index) has been utilized. The EE in Spain is compared with France and Germany, it is found that Spain is lagging in 12 pillars of GEI sub-indices in contrast with these countries. Then based on Penalty for Bottleneck methodology, policy suggestions have been made for Spain.