Entrepreneurship Milieus and Poverty mitigation: a Topical Universal Correlation Informing Poor Countries with Adverse Entrepreneurial Ecosystems

The paper analyzes the empirical relationship between the entrepreneurial ecosystems, measured as Global Entrepreneurship Index (GEI) Scores, and poverty mitigation levels, quantified as Gross National Income (GNI) per capita, purchasing power parity (PPP), for all the countries in the world in the recent past. Specifically, the study seeks to find out whether there is a statistically significant relationship between the GEI Scores and the GNI Per Capita, PPP of 134 countries for the year 2019. The research is a cross-sectional, desk-top triangulation of correlational, associational, hypothesis-testing & comparative analysis of empirical relationships between the key variables of the study. Data on GEI Scores were got from the Global Entrepreneurship Index report of 2019 published by the Global Entrepreneurship Development Institute. Data on the GNI Per Capita, PPP are got from the World Bank’s development Indicators. The study results show that there is a significant positive relationship between the GEI scores and the GNI Per Capita, PPP of all the countries of the world. Therefore, Countries with relatively higher GEI Scores (favorable entrepreneurial ecosystems), generally have more GNI Per Capita, PPP (less poverty) than their counterparts. It is, therefore, recommendable for all countries to conscientiously establish, facilitate and sustain environs that are conducive for the growth and prosperity of entrepreneurships as a measure for mitigating poverty.