ENTREPRENEURIAL AND REGIONAL GROWTH ACTIVITY IN FINLAND

2010 ◽  
Vol 18 (02) ◽  
pp. 205-228 ◽  
Author(s):  
T. TOHMO ◽  
H. LITTUNEN ◽  
E. STORHAMMAR
Keyword(s):  
Economic Development ◽  
Dynamic Process ◽  
Knowledge Spillovers ◽  
Regional Growth ◽  
Dynamic Environment ◽  
Entrepreneurial Activity ◽  
Business Activity ◽  
Regional Specialization ◽  
Schumpeterian Economics ◽  
Growth Activity

Audretsch & Feldman (2004) argue that an agglomeration is a collection of localized firms with a common focus. As firms thrive, resources are attracted to the region. They state that, if entrepreneurship serves as a mechanism for knowledge spillovers, measures of entrepreneurial activity should be linked positively to regional growth performance. In Schumpeterian economics the engine of economic development is entrepreneurial innovation. Creative destruction makes way for new innovations and growth. In this study, we simultaneously examine the regional entrepreneurial activity and regional growth activity in Finland. A further aim of the study was to find out if entrepreneurial activity and growth activity also play a deagglomerating role. We find, first, that the indicators used are very well suited to measure the dynamic environment, especially in manufacturing, since the regions with the most dynamic environment were areas with high small-business activity. Furthermore, the study indicates that growth activity should be taken into account when examining regional development by means of the concept of the dynamic environment. Secondly, we find that entrepreneurial activity and growth activity decreases regional specialization, i.e., the regions with the highest regional specialization are characterized by the lowest levels of entrepreneurial activity and growth activity. Our study confirms with Finnish data the findings of Dumais et al. (2002) that new plant births play a deagglomerating role. The results of the study indicate also that growth activity tends to act to reduce regional specialization. As a whole, the results suggest that the regional specialization is the result of a dynamic process in which the combination of plant births and growth act together.

The Emergence and Formation of Business Activity Zones in the Innovative Development of the Russian Federation

Istoriya ◽  
2021 ◽  
Vol 12 (6 (104)) ◽  
pp. 0
Author(s):  
Nataliya Sukhanova
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Educational Process ◽  
Entrepreneurial Activity ◽  
Innovation Activity ◽  
Business Activity ◽  
Innovative Development ◽  
Socio Economic Development ◽  
The Russian Federation ◽  
Country Today

Innovative development of the country is one of the important directions of Russian socio-economic policy. The institutions of economic development are the zones of entrepreneurial activity. The purpose of creating these zones is to attract investment to stimulate the socio-economic development of the country. Today, it is necessary to integrate the zones under consideration in order to introduce intellectual property products everywhere. This should help to increase investment attractiveness and innovation activity. The article may be useful in the educational process and further scientific developments.

Identifikasi Peran dan Strategi Pelabuhan Bebas Sabang

2020 ◽  
Vol 4 (3) ◽  
pp. 167-178
Author(s):  
Zurayna Sari
Keyword(s):  
Economic Development ◽  
Descriptive Analysis ◽  
Regional Growth ◽  
Maintenance Strategy ◽  
Regional Economic ◽  
Growth Center ◽  
Free Port ◽  
And Function ◽  
Role And Function

ABSTRAKPelabuhan berperan sebagai fasilitas penunjang pusat pertumbuhan regional dalam proses pembangunan ekonomi wilayah. Pelabuhan Bebas Sabang diarahkan sebagai pusat pertumbuhan ekonomi regional dan diharapkan dapat meningkatkan perekonomian Kawasan Sabang. Permasalahan yang dihadapi Pelabuhan Bebas Sabang adalah belum optimalnya peran dan fungsi Pelabuhan Bebas Sabang dalam menunjang perekonomian wilayah. Penelitian ini bertujuan untuk mengetahui peran Pelabuhan Bebas Sabang dalam mendorong perkembangan perekonomian Kawasan Sabang. Lingkup materi yang dibahas mencakup peran-peran Pelabuhan Bebas Sabang, menentukan potensi dan masalah serta upaya-upaya peningkatan peran Pelabuhan Bebas Sabang. Metode analisis yang dilakukan adalah analisis deskriptif dengan pendekatan analisis data kualitatif dan kuantitatif. Alat analisis yang digunakan adalah analisis SWOT IFAS-EFAS. Hasil analisis menunjukkan dalam kurun waktu 4 (empat) tahun terakhir dari tahun 2010-2013, Pelabuhan Bebas Sabang belum optimal dalam menjalankan perannya, sehingga membutuhkan strategi pengembangan dengan pendekatan Agressive Maintenance Strategy (strategi perbaikan agresif), yaitu strategi konsolidasi internal dengan memperbaiki faktor-faktor kelemahan untuk memaksimalkan pemanfaatan peluang.Kata kunci: Pengelolaan, SWOT IFAS-EFAS, WilayahABSTRACTPort was supporting facility of regional growth center in the process of regional economic development. Sabang free port was directed as the center of regional economic growth and expected to raise the economy of sabang. Problems faced by sabang free port was yet optimal role and function in supporting the economy of the region. This study aimed to determine the role of sabang free port in supporting the economic development of sabang. The covered material scope included roles of sabang free port, determining the potentials and problems and efforts of increasing the role of sabang free port. The method of analysis was descriptive analysis with qualitative and quantitative approach. The analytical tool used was the swot ifas-efas analysis. The analysis results showed in the period of 4 (four) years from 2010 until 2013, sabang free port was not optimal in carrying out its role yet, so it requires development strategies with agressive maintenance strategy approach, which is internal consolidation strategy by improving vulnerability factors to maximize the utilization of opportunities.Keywords:, Management, Regional, SWOT IFAS-EFAS

Anti-Ideology of Entrepreneurship as an Attribute of Entrepreneurial Projects

2020 ◽  
Vol 26 (8) ◽  
pp. 830-839
Author(s):  
E. Ya. Litau
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
Creative Destruction ◽  
Innovative Activity ◽  
Entrepreneurial Activity ◽  
Methodological Principle ◽  
Historical Period ◽  
Professional Literature ◽  
Efficient System ◽  
The Relationship

Aim. The presented study examines and develops theoretical and methodological foundations that make it possible to distinguish innovative entrepreneurship among other economic phenomena.Tasks. The author identifies the specific features of entrepreneurship and its qualitative differences from other types of economic activity aimed at obtaining benefits, specifies the relationship between creative destruction and economic development, determines the attributes of innovative entrepreneurship.Methods. This study uses systematic analysis of professional literature on entrepreneurship to highlight the main attributes of entrepreneurial activity. The methodology of dialectical contradiction in its original Hegelian interpretation plays an important role in elaborating and substantiating the definition of entrepreneurship. The author considers innovative activity as creation of new values, which, according to the logic of dialectical development, destroy the old ones, triggering the process of economic development.Results. An approach to understanding the phenomenon of entrepreneurship is proposed, making it possible to distinguish this type of activity as significantly different from other types of economic activity, which may be externally similar but have different content. During the development of this approach, the concept of “anti-ideology” of entrepreneurship is introduced, which reflects the essence of innovative activity as a process of creative destruction. The necessary and sufficient attributes of entrepreneurial innovation are identified, making it possible to reflect the meaning of this phenomenon and verify this complex defining structural element in the system of economic relations. The study substantiates that the level of anti-ideology and public benefit can be used as criteria for assessing the significance of an entrepreneurial idea. A progressive model of anti-idea realization (PMA) is proposed based on the methodological principle. It can be used to develop an efficient system for evaluating startups within the framework of venture capitalism.Conclusions. Specification of the relationship between creative destruction and economic development is crucial to understanding the importance of innovative entrepreneurship. Each historical period creates its own demand for a specific type of entrepreneurs. The principle of anti-ideology, which lies at the heart of the PMA model, is key in identifying competitive commercial ideas, making it possible to focus resources and attention on projects that can make a significant contribution to economic development.

ACTUALIZATION OF COMMERCIAL ACTIVITY AND MARKETING TOOLS

2019 ◽  
pp. 124-128
Author(s):  
T.N. Makarova ◽  
N.A. Skvortsova
Keyword(s):  
Entrepreneurial Activity ◽  
Business Activity ◽  
Internal Environment ◽  
Commercial Activity ◽  
Environment Factors

Perfection of mercantile business activity assumes active use of marketing and commercial toolkit. The tools system should be actualized taking into account the influence of the external and internal environment factors. New conditions of conducting entrepreneurial activity require modernization and optimization of applied toolkit.

Macro-economic Factors Influencing Tourism Entrepreneurship: The Case of Kazakhstan

2021 ◽  
pp. 097135572098143
Author(s):  
Aizhan Tleuberdinova ◽  
Zhanat Shayekina ◽  
Dinara Salauatova ◽  
Stephen Pratt
Keyword(s):  
Economic Development ◽  
Emerging Economies ◽  
Negative Relationship ◽  
National Income ◽  
Tourism Development ◽  
Entrepreneurial Activity ◽  
Macroeconomic Factors ◽  
Distributed Lag ◽  
Tourism Sector ◽  
The Impact

Tourism development contributes to economic development. In emerging economies like Kazakhstan, tourism development needs active entrepreneurship. As the country emerges from the post-Soviet era, there has been an increase in economic development and prosperity. Entrepreneurship in the tourism sector can drive economies forward through the creation of new tourism and hospitality businesses. The macroeconomic environment can influence entrepreneurial activity. We use an autoregressive distributed lag (ARDL) model to examine the impact of macroeconomic factors on tourism entrepreneurship in Kazakhstan. Using data from 1996 to 2018, we find that there is a positive short-run relationship between wages in the tourism sector and entrepreneurship, suggesting that wage growth in the sector attracts entrepreneurs. In the long run, however, tourism sector wages have a negative relationship with entrepreneurship, suggesting that these higher wages represent a higher cost to entrepreneurship. There is also a strong positive relationship between national income and tourism entrepreneurship in Kazakhstan. Implications of macroeconomic policy changes for Kazakhstan and other emerging economies are discussed.

scholarly journals DIASPORA NETWORKS, NON-ECONOMIC REMITTANCES AND ENTREPRENEURSHIP DEVELOPMENT: EVIDENCE FROM SOME ECONOMIES IN LATIN AMERICA

2015 ◽  
Vol 20 (01) ◽  
pp. 1550005 ◽  
Author(s):  
NIR KSHETRI ◽  
DIANA ROJAS-TORRES ◽  
MARLENY CARDONA ACEVEDO
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Host Country ◽  
Home Country ◽  
Entrepreneurial Activity ◽  
Entrepreneurship Development ◽  
The Caribbean ◽  
Primary Focus ◽  
Diaspora Networks

Diaspora networks' non-economic remittances in the forms of social, political, cultural and technical contributions to their homeland play important roles in entrepreneurship and economic development. In this paper, we examine the effects of such remittances on entrepreneurship development in economies in Latin America and the Caribbean (LAC). We analyze how factors such as migrants' skills and education and characteristics of the host country are likely to affect non-economic remittances and their contribution to entrepreneurship and economic development. We offer some examples of initiatives taken in the home country and the host country to maximize the potential non-economic remittances and their impacts on entrepreneurship development in the home country. A key lesson and take-away that we can gain from entrepreneurially successful efforts of some economies is that the primary focus of diaspora policies need to be centered on utilizing various forms of non-economic remittances in stimulating the quantity and quality of entrepreneurial activity.

Targeted state economic development incentives and entrepreneurship

2018 ◽  
Vol 7 (3) ◽  
pp. 235-247 ◽  
Author(s):  
Meg Patrick Tuszynski ◽  
Dean Stansel
Keyword(s):  
Economic Development ◽  
Economic Freedom ◽  
Entrepreneurial Activity ◽  
Data Set ◽  
Content Type ◽  
Incentive Programs ◽  
Economic Development Incentives ◽  
State Economic Development ◽  
Development Incentives ◽  
The Relationship

Purpose The purpose of this paper is to examine the relationship between state economic development incentives programs and entrepreneurial activity. Design/methodology/approach The authors use panel data and a fixed-effects model to examine the determinants of five measures of entrepreneurial activity. To measure state economic development incentives programs, they use a new and substantially improved data set from Bartik (2017). They also include a measure for economic freedom, the Fraser Institute’s Economic Freedom of North America index. Findings The authors find a robustly negative relationship between development incentives and patent activity. They find some evidence that incentives are negatively associated with small business establishments (<10 employees) as a percentage of total establishments but positively associated with the large business establishment (>500 employees) share. They also find evidence of a positive relationship between economic freedom and both patent activity and net business formation. Research limitations/implications The results imply that economic development incentive programs are unlikely to increase entrepreneurial activity and may decrease it. They also imply increased economic freedom (lower taxes, lower spending, and lower governmental restrictions on labor markets) may increase entrepreneurial activity. Originality/value To the authors’ knowledge, this paper provides the first examination of the relationship between development incentives and entrepreneurial activity that utilizes Bartik (2017), a new vastly improved data set of state economic development incentive programs. The paper also contributes to the literature on the relationship between economic freedom and entrepreneurial activity.

scholarly journals Economic and ecological space “Kuyalnitskiy”: organizational and investment support for development

2021 ◽  
Vol 5 (2) ◽  
pp. 71-79
Author(s):  
Oleg Rubel
Keyword(s):  
Protected Areas ◽  
National Park ◽  
Entrepreneurial Activity ◽  
Nature Management ◽  
Business Activity ◽  
Market Demand ◽  
Service Market ◽  
Protected Object ◽  
Methodological Principles ◽  
The City

Introduction. Kuyalnyk estuary has a remarkable medical and health potential of national importance, its unique properties are of international value, which predetermines recognition of respective areas as protected areas. In addition, proximity of Kuyalnyk estuary to the city of Odesa causes expansion of not only cooperation vectors with representatives of business groups in Odesa region, as  well as creating demand in service market at this area. However, presently, economiс-ecological potential of Kuyalnyk estuary area is not used properly, which significantly affects social and infrastructural level of this area, and decreases investment attraction of this resort. Aim and tasks. In this paper it is proposed to consider theoretical and methodological principles of developing ecologically oriented business activity at the stage of planning protected object: Natural National Park (NNP) “Kuyalnitskiy”; to analyze tools for cooperation with economic private sector representatives, which will ensure protected areas development as a multifunctional space. Results. This paper substantiates ways to develop regional program of targeted economiс-ecological support for entrepreneurial activity development in the areas of Ukrainian nature reserve fund; it is suggested implementing public-private policy that allows developing future Natural National Park “Kuyalnitskiy” as innovative area – “space” aimed at streamlining processes of nature management, creating new formats of business activity, improving ecological-economic situation in the region, creating conditions for sustainable development. Conclusions. Taking into account dual economic and regulatory status of Kuyalnyk estuary, it is necessary to plan such vectors of business activity that can simultaneously meet the needs of sanatoriums and have environmentally friendly format that will consider reasonable level of anthropogenic load at this area. The proximity to the city of Odesa will ensure development and market demand for various types of economic-ecological business activities, as well as appropriate level of “neighbourhood urban planning”.

scholarly journals DETERMINANTS OF INVESTMENT SPHERE DEVELOPMENT IN THE CONTEXT OF THE MODERN ECONOMIC PARADIGM

2020 ◽  
Vol 5 (5) ◽  
pp. 54
Author(s):  
Oksana Kazak ◽  
Tetyana Obelets
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Developed Countries ◽  
Scientific Paper ◽  
Entrepreneurial Activity ◽  
Investment Climate ◽  
Industrial Transformation ◽  
Fixed Capital Formation ◽  
Analytical Estimation ◽  
Kyiv Polytechnic Institute

The aim of the article is to illuminate the modern paradigm of the globalization economic environment, which shows the gradual end of the decade of “crisis-free” growth of the world economy and, accordingly, the nearing to the next global economic crisis; to cover the importance of attracting investment and implementing a specific national industrial policy as one of the key factors of development; to outline the problems of prevention, forecasting and analysis of risks arising in the investment sphere in the context of providing conditions for sustainable development of the Ukrainian economy. The subject of the study is: the monitoring of investment sector indicators that determine the potential of economic development and provide an analytical assessment of the risks posed in the investment sphere in the context of ensuring the conditions of sustainable development of the Ukrainian economy. Methodology. The article uses the complex approach with the application of methods of simulation and econometric modeling for analytical estimation of gross fixed capital formation as a key investment indicator in the current economic conditions of Ukraine. Results. The conducted study clearly demonstrates not only the presence but also the obvious deepening of the imbalance between the current state of attracting foreign investments and actual needs in technological and physical renewal of the production sphere. The consequence is a real threat of loss of potential for economic development. Some measures have been identified to improve the investment climate, and the key ones are the provision of state support for reforming the Ukrainian economy in terms of improving the investment climate and stimulating the innovative potential of entrepreneurial activity. The practical implications of this study are to identify the lack of innovation strategy, which deepens Ukraine’s technological backwardness compared to developed countries in general, and the EU countries, in particular, and keeps the inefficient and destructive natural-production base of Ukrainian economy. Value/originality. This research was carried out within the framework of the implementation of a scientific paper of the Department of Theoretical and Applied Economics of National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute (No. 0112U007817) on the topic: “Globalization of industrial capacity formation trends in the terms of post-industrial transformation”.

scholarly journals Return Migrants’ Impact in Economic Development of the Origin Country

2019 ◽  
Vol 4 (2) ◽  
pp. 20
Author(s):  
Alkida Ndreka
Keyword(s):  
Economic Development ◽  
Return Migration ◽  
Empirical Studies ◽  
Change Agents ◽  
Entrepreneurial Activity ◽  
Host Countries ◽  
Economic Implications ◽  
Return Migrants ◽  
The 1960S

Migration has reciprocal economic implications between the origin and host countries. While scholars draw attention to the globalization of migration, since the 1960s there is a perpetual debate about the migration and development nexus. The role of international migrants and their financial remittances are identified as having a highly positive effect on the home country’s development. Emigrants’ remittances tangibly benefit the income for the families in the home country and investments in different sectors (housing, education, health, entrepreneurship, etc.). Next to remittances, returned migrants, especially those highly skilled are recognized as actors and drivers of significant economic development in the homeland. The contribution of return migrants to the development in origin countries can be beneficial not simply by investing the financial capital they accumulated during the migration cycle but also by the transferring of expertise, knowledge and new skills acquired abroad, and acting as social change agents in the home society. Empirical studies indicate a positive relationship between return migration and entrepreneurial activity, therefore enterprises can be a substantial contributor, among others, to economic growth and alleviating poverty of the origin country. Governments and policymakers are increasingly interested in the issue of return migration and return migration policies that attract and facilitate the returnee’s reintegration. Reintegration programs, especially those in the business sector, benefit the development of the origin country through savings, investments, easing of entrepreneurial opportunities and the expertise of returnees. This paper aims to identify whether return migration is beneficial for the origin country and especially to analyze the role of return migrant’s in the economic development of the origin country through engaging in entrepreneurial activity

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