IDEAS home Printed from https://ideas.repec.org/a/ids/wremsd/v13y2017i2-3p194-210.html
   My bibliography  Save this article

Innovations and entrepreneurship in the Macedonian business sector

Author

Listed:
  • Taki Fiti
  • Vladimir Filipovski
  • Marica Antovska
  • Biljana Tashevska

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.

Suggested Citation

  • Taki Fiti & Vladimir Filipovski & Marica Antovska & Biljana Tashevska, 2017. "Innovations and entrepreneurship in the Macedonian business sector," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 13(2/3), pages 194-210.
    • Handle: RePEc:ids:wremsd:v:13:y:2017:i:2/3:p:194-210
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=83021
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Milkana Mochurova & Mitko Dimitrov & Stoyan Totev & Taki Fiti & Marica Antovska-Mitev & B. Jovanovski, 2019. "Innovation Activity of the Business Sectors in the Border Regions of the Republic of Bulgaria and the Republic of Macedonia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 133-152.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:wremsd:v:13:y:2017:i:2/3:p:194-210. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=173 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.