Entrereneurial Clusters in European Union. A Macroeconomic Comparative Analysis

Daniela Ionita (), Ionel Dumitru, Mihaela Constantinescu and Stefan Caescu
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Daniela Ionita: Bucharest University of Economic Studies
Ionel Dumitru: Bucharest University of Economic Studies
Mihaela Constantinescu: Bucharest University of Economic Studies
Stefan Caescu: Bucharest University of Economic Studies

The AMFITEATRU ECONOMIC journal, 2015, vol. 17, issue 38, 93

Abstract: Entrepreneurship represents the mechanism by which economic change leads to progress and development. Although at EU level a common framework exists for supporting entrepreneurship, there are significant differences among Member States. The purpose of this article was to identify different categories of EU countries according to their entrepreneurship dynamics and to investigate the relationship between this phenomenon and the business environment. Statistical data were provided by harmonized international sources, which allow comparisons, and cluster analysis method was used. The research results indicate the existence of four clusters (Experimentalists, Ambitious, Prudentials and Moderates) each having a distinct profile. For each group, macroeconomic factors that explain these variations were identified. Based on these results, suggestions for future research directions and recommendations for policy makers were formulated.

Keywords: entrepreneurship; nascent entrepreneurship rate; discontinuation of businesses rate; economic freedom (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:38:y:2015:i:17:p:93

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