Entrepreneurship Ecosystem Performance in Egypt: An Empirical Study Based on the Global Entrepreneurship Index (GEI)

Mohamed Abouelhassan Ali,Róbert Magda,Moaaz Kabil,Rahaf Alayan,Lóránt Dénes Dávid

doi:10.3390/su13137171

Abstract

Entrepreneurship is a significant economic process in regional economic development. This study aims to analyze the characteristics of the Egyptian entrepreneurial ecosystem by using the global entrepreneurship index (GEI) data from 2006–2017. This empirical study provides an in-depth insight into the Egyptian entrepreneurship ecosystem situation based on GEI methodology and its sub-indexes, pillars, and individual and institutional variables. Results revealed that the Egyptian entrepreneurial “Aspiration” pillars play a promising role in the Egyptian entrepreneurship ecosystem, especially the “Process Innovation” and “Risk Capital” pillars. Although the entrepreneurial “Abilities” pillars appear as shortcomings in the Egyptian GEI, especially the "Opportunity Startup" and "Competition" pillars. Furthermore, Egyptian entrepreneurial “Attitudes” pillars are considered to be the main disadvantage of forming the Egyptian GEI score. Finally, the paper proved that the “Risk Acceptance” and “Networking” pillars appeared as the weakest aspect of the Egyptian entrepreneurship ecosystem. Consequently, developing national policies and strategies to enhance these two pillars will improve the Egyptian GEI score by 2%.

Highlights

Entrepreneurship is considered one of the most significant economic driving force processes that boosts any nation’s economic growth, especially in the context of sustainability
Egyptian Entrepreneurial Performance Based on the global entrepreneurship index (GEI): Trends of Sub-Indexes and Pillars
Based on Egypt’s participation in GEI data through the period 2008–2017, Figure 4 shows the development of GEI scores over time

Summary

Introduction

Entrepreneurship is considered one of the most significant economic driving force processes that boosts any nation’s economic growth, especially in the context of sustainability. The integration between sustainability and the economic and business sector is gaining significant concern nowadays [1]. Economic sustainability seeks to preserve the capital intact, while business sustainability aims to use firm assets to maintain its sustainability. This study focused on shedding light on economic sustainability from an entrepreneurship perspective. Entrepreneurship and sustainability seem to have a contradictory conceptual kernel, they still have an interrelated, close, and widely recognized relation. Entrepreneurship habitually is aware of sustaining its activities and standing as long as possible in a competitive business environment [3].

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Results

Conclusion