Choice of a country for migrant entrepreneurship
In today’s society, entrepreneurial activities are important, as they can create social values and wealth. This study explores entrepreneurial activities across various European countries and proposes a novel approach for its effective measurement. To this end, this study utilizes established indices by the World Bank – the 2020 European Chamber (EuCham) index, and the migrant integration policy index (MIPEX), which focuses on migrant integration. In addition, it introduces a novel index, called the Migrant Entrepreneurship (IMIGRENT) index, to accurately quantify a country’s attractiveness for entrepreneurial activities. These are part of the respective indexes for entrepreneurial activities, such as company registration processes, personal affairs, accommodation, and environmental conditions. A country’s attractiveness for entrepreneurial activities is evaluated based on entrepreneurs’ preferences and diverse needs, as well as immigrants’ citizenship. After comparing the three indices mentioned above, more similar results are obtained for the 2020 EuCham and the IMIGRENT index than MIPEX, attributable to the greater importance given to financial factors in the IMIGRENT and EuCham indexes compared with MIPEX, which prioritizes social and integration-related factors. Notably, the IMIGRENT index reports some important additional values in a comparative analysis of European countries, such as the role of immigrant citizenship, and the country’s legislation, as well as other aspects related to personal affairs, accommodation, social services, or the host country’s weather.
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