2019Zbornik radova Ekonomskog fakulteta u RijeciOpen access

Does digitalization affect the contribution of entrepreneurship to economic growth?

Maja Ivanović-Đukić, Tatjana Stevanović, Tamara Rađenović

Open full text 29 citations

Abstract

The paper analyses the contribution of different types of innovative entrepreneurship: new products entrepreneurship (NP), new technology development entrepreneurship (NT), high growth expectation entrepreneurship (HG), and average growth expectation entrepreneurship (AG) to economic growth through the EU regions, which differ from each other on the degree of digitization.The regions were created by the application of cluster analysis.The clustering criterion was the level of digitization measured by the Digital Economy and Society Index.Hierarchical regression models were developed with purpose to investigate the effect of different types of innovative entrepreneurship on economic growth, on panel data for the period 2010-2017.The obtained results confirm differences in contribution of the certain types of entrepreneurship to economic growth in the EU regions, as well as, the influence of digitization on the relationship between entrepreneurship and economic growth.High growth expectation entrepreneurship and new technology development entrepreneurship have greatest contribution to economic growth in the regions characterized by a higher degree of digitization.On the other side, average growth expectation entrepreneurship and new products entrepreneurship have a dominant role in economic growth in the regions with lower levels of digitization.

Open-access reader

About this research paper

What this paper is about

The paper analyses the contribution of different types of innovative entrepreneurship: new products entrepreneurship (NP), new technology development entrepreneurship (NT), high growth expectation entrepreneurship (HG), and average growth expectation entrepreneurship (AG) to economic growth through the EU regions, which differ from each other on the degree of digitization.The regions were created by the application of cluster analysis.The clustering criterion was the level of digitization measured by the Digital Economy and Society Index.Hierarchical regression models were developed with purpose to investigate the effect of different types of innovative entrepreneurship on economic growth, on panel data for the period 2010-2017.The obtained results confirm differences in contribution of the certain types of entrepreneurship to economic growth in the EU regions, as well as, the influence of digitization on the relationship between entrepreneurship and economic growth.High growth expectation entrepreneurship and new technology development entrepreneurship have greatest contribution to economic growth in the regions characterized by a higher degree of digitization.On the other side, average growth expectation entrepreneurship and new products entrepreneurship have a dominant role in economic growth in the regions with lower levels of digitization.

Why it matters

OpenAlex reports 29 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

The paper analyses the contribution of different types of innovative entrepreneurship: new products entrepreneurship (NP), new technology development entrepreneurship (NT), high growth expectation entrepreneurship (HG), and average growth expectation entrepreneurship (AG) to economic growth through the EU regions, which differ from each other on the degree of digitization.The regions were created by the application of cluster analysis.The clustering criterion was the level of digitization measured by the Digital Economy and Society Index.Hierarchical regression models were developed with purpose to investigate the effect of different types of innovative entrepreneurship on economic growth, on panel data for the period 2010-2017.The obtained results confirm differences in contribution of the certain types of entrepreneurship to economic growth in the EU regions, as well as, the influence of digitization on the relationship between entrepreneurship and economic growth.High growth expectation entrepreneurship and new technology development entrepreneurship have greatest contribution to economic growth in the regions characterized by a higher degree of digitization.On the other side, average growth expectation entrepreneurship and new products entrepreneurship have a dominant role in economic growth in the regions with lower levels of digitization.

Key concepts: Affect (linguistics), Entrepreneurship, Business, Economic geography, Economics, Psychology, Communication, Finance

Related papers

Back to paper searchBrowse research topicsOriginal source
Does digitalization affect the contribution of entrepreneurship to economic growth? — Research Paper | ScholarLens