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The role of innovative entrepreneurship in the economic development of EU member countries

机译：创新企业家精神在欧盟成员国经济发展中的作用

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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 soft ware 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.
机译：在专业文献中，除了对就业创造的影响之外，企业家精神在推动创新，经济增长和福利方面具有重要作用。研究人员对整个时间的经济发展与企业家之间的关系表达了​​不同的看法。还认为创新是国家经济发展的推动力。因此，创新的企业家开始被认为是现代经济发展的关键因素。例如，中小企业和创新奠定了欧洲联盟发展战略的核心 - 欧洲2020战略。本文的目的是分析创新企业家在欧盟成员国经济发展中的作用。考虑到这两个流程：多方面的经济发展和创新创业，这篇文章表达了欧盟成员国两种现象及其具体情况之间的关系。鉴于文献审查的当代亮点的性质和所说的研究目标，在本文中，测试了一种旨在捕捉新的或年轻和创新公司的模型，作为创新企业家精神和经济增长率的决定因素的方面。使用的研究方法是回归模型分析。对于统计数据分析和处理，使用STATA和SPSS软件工具。本文的主要结果表明，创新的企业家（通过早期的早期创业活动（茶）创新水平）在具有更高发展水平和更高的收入的国家更加出现，这是他们所看到的改进机会的动机企业家。然而，更高程度的企业家精神，尤其是新公司的创造，并没有促进加速经济发展。这是通过欧盟国家的动机（必要性或改善）企业家的变化来解释。在发达国家，企业家最有可能成为熊彼特的类型，而在发展中国家的大多数是店主。因此，很明显，欧盟成员国需要更友好，更高效的新公司的创建政策，以及支持工具的中小企业。本文对决策和政策当局在创新创业政策发展的可能指导方面具有显着的实际影响。

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