OECD report: Entrepreneurship at a Glance 2017

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(CC) Entrepreneurship at a Glance 2017/OECDEntrepreneurship at a Glance is produced by the OECD-Eurostat Entrepreneurship Indicators Programme based on official statistics. The 2017 edition features a new trends chapter, which also introduces recent developments related to the emergence of the “gig economy” and the use of digital tools by micro-enterprises.

Entrepreneurial activity appears to be recovering from the crisis as new data show that the number of new businesses created has been rising in most OECD countries.

At the same time, the number of bankruptcies has fallen back to pre-crisis levels in most of the economies surveyed. Even in Iceland, Italy and Spain where business failure levels remain higher than in 2007, the latest 2017 quarterly data point to an improvement.

The report says part-time self-employment has increased sharply in recent years, in part reflecting the rise of the “gig economy”, characterised by flexible working arrangements that complement or substitute full-time jobs. But it adds that the relationship between the gig economy and entrepreneurial activity is by no means obvious. Although many gig workers may be small-scale entrepreneurs, many also appear to provide their services under similar contractual arrangements to conventional employees.

The full text is available for the IESE Community here.