Innovations and entrepreneurship in the Macedonian business sector

Taki Fiti, Vladimir Filipovski, Marica Antovska and Biljana Tashevska

World Review of Entrepreneurship, Management and Sustainable Development, 2017, vol. 13, issue 2/3, 194-210

Abstract: The paper starts by stressing the central role of entrepreneurship as a driving force for the dynamism and growth of modern economies. Then, the common factors contributing to low level of innovation activity in the Western Balkans are analysed. We then focus on how those factors limit the level and quality of innovation activity in the case of the Republic of Macedonia. It is pointed out that the following factors constrain the innovation activity in the Macedonian economy: the low level of R%D investments, the small share of the business sector in such investments, and a business climate which creates insufficient competitive pressure on firms to innovate and leaves room for political involvement in the business sector. Policy prescriptions include improvements in the coordination among relevant ministries/agencies supporting the SME sector and the cooperation between the business sector and the scientific community and educational system.

Keywords: business innovation; R%D investment; research and development; entrepreneurship; Macedonia; political involvement; SMEs; small and medium-sized enterprises; cooperation. (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=83021 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:wremsd:v:13:y:2017:i:2/3:p:194-210

Access Statistics for this article

More articles in World Review of Entrepreneurship, Management and Sustainable Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().