SENIOR ENTREPRENEURSHIP IN CENTRAL AND EASTERN EUROPEAN COUNTRIES: GEM EVIDENCES

The paper examines level of the senior entrepreneurial activity at Central and Eastern European countries (CEE) based on regional comparative analysis of the senior inclusivity indices in Europe, USA and CEE countries and senior and youth inclusivity indices in Europe, USA and CEE countries both at early entrepreneurship stage entrepreneurial activity (TEA) and at stage of established business (EstBu). Further, based on Pearson´s correlation matrix, we analysed at which extent differences exist at the key drivers of the TEA of seniors in CEE countries and Europe. We exploit the Global Entrepreneurship Monitor (GEM) datasets for 2011-2014. The results show on one side much lower senior entrepreneurial activities in both stages of entrepreneurial process at CEE countries, and on the other side much higher early stage entrepreneurial activity of youth in CEE countries in comparison to Europa and USA. We also found out that there are no significant differences between key drivers of senior´s TEA at CEE countries and Europe.