The nexus of innovation, entrepreneurship and competiveness represents a real challenge for the European economy, and not only, taking into account the important role of these determinants of inclusive and sustainable development in the context of the Fourth Industrial Revolution. The aim of this article is to explore the relation between innovation, entrepreneurship and national competitiveness, at the EU level, in order to highlight how innovation and entrepreneurship can influence the level of competitiveness and inclusive development in these countries. The results of the comparative analysis based on means-testing using independent samples t-test, at EU level, show that there are significant differences between low-medium innovation performance countries group and high and very high innovation countries performance group in terms of competitiveness, innovative entrepreneurship, productive entrepreneurship and economic and inclusive development, fact which emphasizes the need to take specific actions to improve EU innovation performance, especially in the EU countries included in the low-medium innovation performance countries group for improving national competitiveness and implicitly increasing the level of development. The correlation and regression analysis results suggest that the high level of national competitiveness in some EU countries can be mainly explained by high level of innovation performance, high level of innovative and productive entrepreneurship. The findings of the study can be useful for policymakers to formulate policies for improving national competitiveness within an inclusive development.
If the inline PDF is not rendering correctly, you can download the PDF file here.
Ahmad N. & Seymour R. G. (2008). Defining entrepreneurial activity: Definitions supporting frameworks for data collection. OECD Statistics Working Paper. Retrieved from http://www.oecd.org/std/business-stats/39651330.pdf.
Carayannis E. & Grigoroudis E. (2014). Linking innovation productivity and competitiveness: implications for policy and practice. The Journal of Technology Transfer 39(2) 199-218.
Douhan R. & Henrekson M. (2008). Productive and destructive entrepreneurship in a political economy framework. Stockholm Sweden; Research Institute of Industrial Economics; IFN Working Paper (2008) No. 761. Retrieved from http://www.ifn.se/wfiles/wp/wp761.pdf.
European Union (EU) (2017). European Innovation Scoreboard 2017. Retrieved from http://ec.europa.eu/DocsRoom/documents/24829.
Eurostat database (2017). Retrieved from http://ec.europa.eu/eurostat/data/database.
Fagerberg J. & Sapprasert K. (2011). National innovation systems: the emergence of a new approach. Science and public policy 38(9) 669-679.
GEDI- The Global Entrepreneurship and Development Institute (2017). The Global Entrepreneurship Index 2018. Retrieved from https://thegedi.org/2018-globalentrepreneurship-index/.
Global Entrepreneurship Research Association (GERA). (2017). Global Entrepreneurship Monitor (GEM) 2016-2017 Global Report. Retrieved from http://www.gemconsortium.org/report.
Herman E. & Szabo Z. K. (2014). Considerations on Romania's Entrepreneurial Profile: Barriers to Productive Entrepreneurship. Procedia Economics and Finance 15 1740-1750.
Kacprzyk A. & Doryń W. (2017). Innovation and economic growth in old and new member states of the European Union.Economic Research-Ekonomska Istraživanja 30(1) 1724-1742.
Kelley D. J. Singer S. & Herrington M. (2016). The global entrepreneurship monitor. 2015- 2016 Global Report. Retrieved from http://www.gemconsortium.org/report.
Korez-Vide R. & Tominc P. (2016). Competitiveness Entrepreneurship and Economic Growth. In Competitiveness of CEE Economies and Businesses (pp. 25-44). Springer International Publishing.
Pruett M. Shinnar R. Toney B. Llopis F. & Fox J. (2009). Explaining entrepreneurial intentions of university students: a cross-cultural study. International Journal of Entrepreneurial Behavior & Research 15(6) 571-594.
Szabo Z. K. & Herman E. (2012). Innovative Entrepreneurship for Economic Development in EU. Procedia Economics and Finance (3) 268-275.
Szabo Z. K. & Herman E. (2014). Productive entrepreneurship in the EU and its barriers in transition economies: A cluster analysis. Acta Polytechnica Hungarica11(6) 73-94.
Szirmai A. Naudé W. & Goedhuys M. (Eds.). (2011).Entrepreneurship innovation and economic development. Oxford University Press.
World Economic Forum (WEF) (2012). The Global Competitiveness Report 2012-2013. Geneva: World Economic Forum.
WEF (2014). Enhancing Europe’s Competitiveness Fostering Innovation-driven Entrepreneurship in Europe. Geneva: World Economic Forum.
WEF (2017a). The Global Competitiveness Report 2017-2018. Geneva: World Economic Forum.
WEF (2017b). The Inclusive Growth and Development Report 2017. Geneva: World Economic Forum.