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A Multidimensional, Comparative Analysis of the Regional Entrepreneurship Performance in the Central and Eastern European EU Member Countries

In: Entrepreneurship in Transition Economies

Author

Listed:
  • László Szerb

    (University of Pécs
    University of Pécs)

  • Éva Komlósi

    (University of Pécs
    University of Pécs)

  • Balázs Páger

    (University of Pécs
    Hungarian Academy of Sciences)

Abstract

This paper aims to examine the entrepreneurial performance of the Central and Eastern European (CEE) regions by applying the Regional Entrepreneurship and Development Index (REDI) approach. The REDI structures the individual and the institutional elements of entrepreneurship in a systemic way by taking into account the mutual dependence of its components. We have demonstrated that the overall entrepreneurial performance of the CEE regions is below that of the other two macro-regions, Southern European (SE) and the Northern and Western European (NWE). We found that CEE country regions tend to cluster together—as do SE and former East German regions. Besides notable similarities, CEE country regions differ significantly in terms of the configuration of their 14 pillars. In general, CEE regions are weak in entrepreneurial attitudes but relatively strong in entrepreneurial aspirations-related pillars. Albeit the entrepreneurial abilities-related opportunity start-up is the most problematic pillar that reflects to the high ratio of necessity-motivated start-ups in these regions. In the final section, we present an entrepreneurship policy portfolio for each CEE region, based on the assumption that the weakest performing elements of entrepreneurship should be improved in order to achieve maximal improvement in the overall REDI scores. The penalty of bottleneck methodology underlines the importance of an individual-based tailor-made policy as opposed to a uniform, ‘one-size-fits-all’ approach.

Suggested Citation

  • László Szerb & Éva Komlósi & Balázs Páger, 2017. "A Multidimensional, Comparative Analysis of the Regional Entrepreneurship Performance in the Central and Eastern European EU Member Countries," Societies and Political Orders in Transition, in: Arnis Sauka & Alexander Chepurenko (ed.), Entrepreneurship in Transition Economies, pages 35-56, Springer.
    • Handle: RePEc:spr:socchp:978-3-319-57342-7_3
    DOI: 10.1007/978-3-319-57342-7_3
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    Citations

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    Cited by:

    1. Jean Bonnet & Sébastien Bourdin & Fatten Gazzah, 2017. "The entrepreuneurial context, a factor of Economic Growth in the Europe Union? A GWR analysis on the EU Regions," Working Papers halshs-01619798, HAL.
    2. Dorine Cornet & Jean Bonnet & Sébastien Bourdin, 2023. "Digital entrepreneurship indicator (DEI): an analysis of the case of the greater Paris metropolitan area," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(3), pages 697-724, December.
    3. Ramadani, Veland & Hisrich, Robert D. & Abazi-Alili, Hyrije & Dana, Léo-Paul & Panthi, Laxman & Abazi-Bexheti, Lejla, 2019. "Product innovation and firm performance in transition economies: A multi-stage estimation approach," Technological Forecasting and Social Change, Elsevier, vol. 140(C), pages 271-280.

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