Entrepreneurial talent: The Baltics in the mirror of international studies

Vladimir Menshikov (), Oksana Ruža (), Iluta Arbidane () and Iveta Mietule ()
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Vladimir Menshikov: Daugavpils University, Latvia
Oksana Ruža: Daugavpils University, Latvia
Iluta Arbidane: Rezekne Academy of Technologies, Latvia
Iveta Mietule: Rezekne Academy of Technologies, Latvia

Entrepreneurship and Sustainability Issues, 2022, vol. 10, issue 2, 274-293

Abstract: The aim of this article is to confirm empirically the role of education in shaping and enhancing the role of entrepreneurial talent in the economic development of the Baltic countries. The following tasks were consistently solved: clarifying the relevance of the topic of entrepreneurial talent and reflecting this multifaceted phenomenon in the socio-economic works of contemporary authors, studying the experience of teams of international research projects, where the main or great attention is paid to entrepreneurial talent, then, in a comparative perspective, assessing the role of entrepreneurial talent in the Baltic countries, the most important factors that act both as the most significant positive conditions of its impact on the economic growth of individual countries, and inhibit positive dynamics. The empirical basis for the research was composed of the international research projects, Global Entrepreneurship Monitor (GEM), Global Talent Competitiveness Index (GTGI), the report of the World Economic Forum as well as the authors’ own research into student entrepreneurial potential and entrepreneurial universities. Causal analysis and comparative analysis were used as the main research methods. In the course of the research work, the terminology used is clarified in relation to the main subject of the research - entrepreneurial talent as the most important factor in the economic development of countries and regions. The ranking of factors positively influencing the effectiveness of entrepreneurial talent, especially from the standpoint of opportunities in the field of education, has been carried out. The article includes three sections. The first section is devoted Entrepreneurial Talent as an important element of economic activity, second section - Entrepreneurship and entrepreneurial talent as a subject of international research and the third section - Entrepreneurship in the Baltic States in the evaluation of international studies. The research shows both the importance of entrepreneurial talent among other drivers of economic growth and the quality of entrepreneurial education in general education schools and universities. Therefore it is extremely important to expand the practice of entrepreneurial education for students of all specialties, gradually turning educational and research higher education institutions into entrepreneurial universities.

Keywords: talent; entrepreneurial talent; entrepreneurial education; talent competitiveness; economic growth; Baltics (search for similar items in EconPapers)
JEL-codes: I21 J24 L26 M13 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2022:i:2:p:274-293

DOI: 10.9770/jesi.2022.10.2(17)

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