Whois Data Opening up a New Avenue
for the Measurement of Entrepreneurship
Entrepreneurship is the central process through which economic growth and performance is fostered in a regional economy. Its evaluation is thus of paramount importance for policymakers and economists. However, the quantification of entrepreneurship, that is, introduction of measures to describe the attempts to start growth-oriented business, the likelihood of their success, the ability to raise venture capital, etc. is a challenging task due to the lack of globally available and accurate input data on e.g. business registration.
In a recent working paper a new approach is proposed to overcome this issue by using WHOIS registration data. The approach is applied to companies in Oxford and Cambridge, UK as a demonstration, by using data purchased from WhoisXML API.