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Entrepreneurial Activity in Post-Socialist Countries: Methodology and Research Limitations

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  • Alexander Chepurenko

    (National Research University Higher School of Economics (Russian Federation))

Abstract

The subject of this article is the entrepreneurial activity of the population residing in the post-socialist countries of Central and Eastern Europe (CEE), and its goal is to identify different types of ecosystems of entrepreneurship in these countries by means of analyzing entrepreneurial activity in various countries/groups of countries considered in the context of their societal and economic development. Empirically this article is based upon data from the Global Entrepreneurship Monitor (GEM). On the basis of an analysis of the strengths and weaknesses of existing approaches in the relevant literature to the taxonomy of business ecosystems, using a set of key country-level indicators of the GEM for 2011, this article proposes a taxonomy for entrepreneurship ecosystems based on two «axes» — the quality of entrepreneurial activity (high, average, below average) and the state of the entrepreneurial framework conditions in the respective countries (favorable, average, below average). The result is a clustering of CEE countries’ entrepreneurship ecosystems, where the worst cluster consists solely of Bosnia and Herzegovina, and the best contains the Czech Republic. Russia belongs to a cluster with mid-level indicators along both axes. The results might be used to implement a more focused policy promoting entrepreneurship and support for small businesses, which must move away from generalized schemes towards concrete policy concepts taking into account the resources and limitations of each of the selected types of entrepreneurship ecosystems.

Suggested Citation

  • Alexander Chepurenko, 2017. "Entrepreneurial Activity in Post-Socialist Countries: Methodology and Research Limitations," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(3), pages 11-24.
    • Handle: RePEc:hig:fsight:v:11:y:2017:i:3:p:11-24
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    2. Sytnik Inessa & Stopochkin Artem & Janusz Wielki, 2019. "Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 140-167.
    3. Pfeifer Sanja & Singer Slavica & Šarlija Nataša & Peterka Sunčica Oberman, 2021. "Perception of the National Entrepreneurship Conditions – Differences Across Time and Expert Specialization," South East European Journal of Economics and Business, Sciendo, vol. 16(1), pages 1-17, June.
    4. Solodilova, Natalia Z. (Солодилова, Наталья) & Malikov, Rustam I. (Маликов, Рустам И.) & Grishin, Constantin E. (Гришин, Константин Е.), 2018. "Configuration Approach to Researching Regional Entrepreneurial Ecosystems [Конфигурационный Подход К Исследованию Региональной Экосистемы Предпринимательства]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 5, pages 134-155, October.

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    More about this item

    Keywords

    entrepreneurship ecosystem; entrepreneurial activity; Central and Eastern Europe; entrepreneurship theory;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • P39 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Other

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