Territorial Maps of Senior Entrepreneurship: A Multidimensional Analysis Based on GEM Data

Abstract

Using APS GEM (Global Entrepreneurship Monitor) data, the authors use a multidimensional analysis based on a regression analysis of a nonlinear (cubic) polynomial equation between senior entrepreneurship and the United Nations’ human development index to define territorial maps of senior entrepreneurship (SE). The objective of analyzing these maps is to know (a) which are the strongest nations of the world concerning SE, (b) if SE differs among countries, and (c) which are the main factors affecting SE. Our results suggest that SE will increase in the coming years due to the aging of the population (“Papy boom”), especially in Europe and to a lesser extent in some regions of the United States and Japan. Finally, and related to SE, four groups of countries can be formed.