The World Bank uses the following two variables to measure entrepreneurial activity:
• New business entry density – the number of newly registered corporations per 1000 working-age population (those aged between 15 and 64);
• Number of new companies (private, formal sector) with limited liability.
Table 1 shows the measures of entrepreneurial activity in selected countries in the Asia Pacific in 2006 and 2011. The ranking among these countries for business entry density rate did not change in these two years, with Hong Kong having the highest number of new start-ups per working population. Indonesia has the lowest.
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