Scalable Start-up Entrepreneurship and Local Economic Development in Emerging Economies

Donny Susilo ()
Additional contact information
Donny Susilo: Department of Business Administration, Asia University, Taiwan

Asian Journal of Applied Economics/ Applied Economics Journal, 2020, vol. 27, issue 2, 145-163

Abstract: Scalable start-up entrepreneurs work closely with technological innovation in order to improve people’s welfare and provide solutions to current issues. Despite the high risk inherent in start-ups, they have become a trending type of business in the world and therefore deserve adequate attention from scholars. This study aims to explore barriers to scalable start-up entrepreneurship. It further explores their contribution to local economic development in emerging economies by reviewing secondary data and existing literature. The lack of financial resources, government support, opportunity awareness role models, and managerial skills, in addition to the fear of failure, family pressure, and ineffective entrepreneurship training, are common barriers to creating start-ups. Nevertheless, their contribution to local economic development is noteworthy. Scalable start-up entrepreneurs attract local and foreign investment and regenerate income, positively contributing to GDP per capita. They also play a role in job creation, helping governments to reduce poverty and increase the welfare of their citizens. Start-ups also create efficiency through e-commerce, helping local products to become more competitive in both local and global markets. By collaborating with governments, scalable start-ups can foster technological developments and become strategic partners of larger corporations. Start-ups can even increase people’s welfare by providing solutions to environmental issues that are a consequence of substantial development in emerging economies.

Keywords: scalable start-up; entrepreneurship; local economic development; emerging (search for similar items in EconPapers)
JEL-codes: F63 O10 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://so01.tci-thaijo.org/index.php/AEJ/article/view/241923/165082 Full text (application/pdf)
Asian Journal of Applied Economics/ Applied Economics Journal

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:ris:apecjn:0049

Access Statistics for this article

Asian Journal of Applied Economics/ Applied Economics Journal is currently edited by Waleerat Suphannachart

More articles in Asian Journal of Applied Economics/ Applied Economics Journal from Kasetsart University, Faculty of Economics, Center for Applied Economic Research Center for Applied Economics Research, Faculty of Economics, Kasetsart University, Bangkok, 10900, Thailand. Contact information at EDIRC.
Bibliographic data for series maintained by Arannee Tongjankaew ().