The Potential for Innovation and Entrepreneurship in EU Countries in the Context of Sustainable Development
| Autor: | Mihai-Ionuț Rădoi, Ramona Pîrvu, Daniela Firoiu, Marian Enescu, George Horia Ionescu, Teodor Marian Cojocaru |
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| Rok vydání: | 2020 |
| Předmět: |
Entrepreneurship
Index (economics) media_common.quotation_subject Geography Planning and Development TJ807-830 Context (language use) entrepreneurship 010501 environmental sciences Management Monitoring Policy and Law TD194-195 01 natural sciences Renewable energy sources 0502 economics and business Regional science media_common.cataloged_instance GE1-350 Global Innovation Index European union 0105 earth and related environmental sciences media_common Sustainable development sustainable development Environmental effects of industries and plants Renewable Energy Sustainability and the Environment 05 social sciences innovation Environmental sciences Facilitator Business Prosperity EU countries 050203 business & management |
| Zdroj: | Sustainability, Vol 12, Iss 7250, p 7250 (2020) Sustainability Volume 12 Issue 18 |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12187250 |
| Popis: | For the European Union, innovation and entrepreneurship are strong vectors to overcome global societal challenges from climate change and sustainable energy to food and healthy living. Innovation is a facilitator of entrepreneurship and a way of empowering people to take charge of their lives and economic prosperity. At the same time, entrepreneurship is the answer to innovation, the concepts of innovation and entrepreneurship being undeniably interrelated. This research proposes assessing the potential for innovation and entrepreneurship in EU countries in the context of sustainable development. With the help of hierarchical clustering analysis, EU countries were classified into four relevant clusters on the basis of the variables considered, which allowed the identification of common features and existing differences. The research was conducted using data provided by the Global Innovation Index, Global Entrepreneurship Index, Eurostat database, and Candriam ESG Country Report at the level of the 27 EU countries. The main results revealed high-performing countries in terms of innovation and entrepreneurship potential, providing relevant information for policy-makers, business practitioners, NGOs, and academics on the direction they need to take for good practice models to be adapted and implemented in countries with sub-optimal performance, to provide them with support for improvement of their innovation and entrepreneurship potential. |
| Databáze: | OpenAIRE |
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