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ledoM MEG

GEM Model

Social, Cultural, Political Context

General National Framework Conditions

Entrepreneurial Framework Conditions

Major Established Firms

Micro, Small and

Medium Firms

Entrepreneurial Opportunities

Entrepreneurial Capacity

Business Dynamic

National Economic

Growth

Micro, Small and

Medium Firms

(Secondary Economy)

Social,

Cultural,

Political

Context

General National

Framework Conditions

Openness (External Trade)

Government (Extent Role)

Financial Markets (Efficiency)

Technology R&D (Level, Intensity)

Infrastructure (Physical)

Management (Skills)

Labor Markets Flexible)

Institutions (Unbiased, Rule of Law)

Major

Established Firms

(Primary Economy) National

Economic

Growth

(GDP, jobs)

Social,

Cultural,

Political

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Entrepreneurial

Framework Conditions

Financial

Government Policies

Government Programs

Education & Training

R&D Transfer

Commercial, Legal Infrastructure

Internal Market Openness

Access to physical Infrastructure

Cultural, Social Norms

Entrepreneurial

Opportunities National

Economic

Growth

(GDP, jobs)

Entrepreneurial

Capacity

Skills

Motivation

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