The Role of Innovative Entrepreneurship in the Economic Development of EU Member Countries

• Autorzy: Rodica Crudu
• Języki publikacji: EN

Abstrakty

EN

In the specialized literature, entrepreneurship has been acknowledged to have a salient role in driving innovation, economic growth, and welfare, in addition to its effect on job creation. Researchers have expressed different views about the relationship between economic development and entrepreneurship throughout time. It is also considered that innovation is a driving force in the economic development of nations. Therefore, innovative entrepreneurship started to be considered a key factor in modern economic development. For instance, SMEs and innovation lay at the core of the European Union's development strategy - Europe 2020 strategy. The aim of the article is to analyze the role of innovative entrepreneurship in the economic development of EU member states. Taking into consideration that both processes: economic development and innovative entrepreneurship are multifaceted, the article comes to express the relationship between the two phenomena and its specifics in EU member countries. Given the nature of contemporary highlights of the literature review and the stated research objective, in this article, a model was tested that captures the new or young and innovative firms, as aspects of innovative entrepreneurship and determinants of the economic growth rates. The research method used is regression model analysis. For the statistical data analysis and processing, Stata and SPSS software tools were used. The key findings of the paper show that innovative entrepreneurs (being measured by the Total Early-stage Entrepreneurial Activity (TEA) innovation level) are more present in countries with higher development levels and higher incomes, being motivated by the improvement opportunity they see in becoming entrepreneurs. However, a higher degree of entrepreneurship, especially new firms' creation, does not substantially contribute to accelerated economic development. This is explained by the variation in the motivation (necessity or improvement oriented) entrepreneurs across EU countries. In the developed countries, the entrepreneurs are most likely to be the Schumpeterian type, while in developing countries most of them are shopkeepers. Consequently, it is clear that EU member countries need friendlier and more efficient new firms' creation policies, as well as SME supporting tools. The paper has significant practical implications for decision and policy-making authorities in terms of possible directions for innovative entrepreneurship policy development. (original abstract)

W literaturze specjalistycznej uznano, że przedsiębiorczość odgrywa istotną rolę w napędzaniu innowacji, wzrostu gospodarczego i dobrobytu, a także wpływa na tworzenie miejsc pracy. Badacze wyrażali różne poglądy na temat związku między rozwojem gospodarczym a przedsiębiorczością w czasie. Uważa się również, że innowacje są siłą napędową rozwoju gospodarczego narodów. Dlatego też innowacyjna przedsiębiorczość zaczęta być uważana za kluczowy czynnik nowoczesnego rozwoju gospodarczego. Na przykład MŚP i innowacje leżą u podstaw strategii rozwoju Unii Europejskiej - strategii "Europa 2020". Celem artykułu jest analiza roli innowacyjnej przedsiębiorczości w rozwoju gospodarczym państw członkowskich UE. Biorąc pod uwagę, że oba procesy: rozwój gospodarczy i innowacyjna przedsiębiorczość sq wielopłaszczyznowe, artykuł przedstawia związek między tymi dwoma fenomenami a ich specyfiką w krajach członkowskich UE. Biorąc pod uwagę charakter współczesnego przeglądu literatury i określony cel badawczy, w niniejszym artykule przetestowano model, który obejmuje nowe lub młode i innowacyjne firmy, jako aspekty innowacyjnej przedsiębiorczości i determinanty tempa wzrostu gospodarczego. Zastosowana metoda badawcza to analiza modelu regresyjnego. Do analizy i przetwarzania danych statystycznych wykorzystano narzędzia programów Stata i SPSS. Najważniejsze wnioski z tej pracy pokazują, że innowacyjni przedsiębiorcy (mierzeni poziomem innowacji we wczesnej fazie przedsiębiorczości (TEA)) są bardziej obecni w krajach o wyższym poziomie rozwoju i wyższych dochodach, motywowani przez możliwości poprawy, które widzą w byciu przedsiębiorcami. Jednak wyższy stopień przedsiębiorczości, zwłaszcza tworzenie nowych firm, nie przyczynia się znacząco do przyspieszonego rozwoju gospodarczego. Wyjaśnia to zmienność motywacji (konieczność lub zorientowanie na poprawę) przedsiębiorców w krajach UE. W krajach rozwiniętych, przedsiębiorcy najprawdopodobniej są typem Schumpetera, podczas gdy w krajach rozwijających się większość z nich to właściciele sklepów. W związku z tym uważa się, że państwa członkowskie UE potrzebują bardziej przyjaznej i skutecznej polityki tworzenia nowych firm, a także narzędzi wspierających MŚP. Artykuł ma istotne praktyczne implikacje dla władz i decydentów w zakresie możliwych kierunków rozwoju innowacyjnej polityki przedsiębiorczości. (abstrakt oryginalny)

Słowa kluczowe

EN

Innovations; Entrepreneurship; Economic growth; Establishment of a company

PL

Innowacje; Przedsiębiorczość; Wzrost gospodarczy; Zakładanie przedsiębiorstwa

• Czasopismo: Journal of Entrepreneurship, Management and Innovation (JEMI)
• Rocznik: 2019
• Tom: 15
• Numer: nr 1 Towards Success in a Competitive Market: The Importance of Entrepreneurship and Innovation
• Strony: 35--60

Twórcy

autor

Rodica Crudu

• Academy of Economic Studies of Moldova

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Identyfikatory

DOI

https://doi.org/10.7341/20191512