Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/168904
Authors: 
Ionita, Daniela
Dumitru, Ionel
Constantinescu, Mihaela
Caescu, Stefan
Year of Publication: 
2015
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 17 [Year:] 2015 [Issue:] 38 [Pages:] 93-106
Abstract: 
Entrepreneurship represents the mechanism by which economic change leads to progress and development. Although at EU level a common framework exists for supporting entrepreneurship, there are significant differences among Member States. The purpose of this article was to identify different categories of EU countries according to their entrepreneurship dynamics and to investigate the relationship between this phenomenon and the business environment. Statistical data were provided by harmonized international sources, which allow comparisons, and cluster analysis method was used. The research results indicate the existence of four clusters (Experimentalists, Ambitious, Prudentials and Moderates) each having a distinct profile. For each group, macroeconomic factors that explain these variations were identified. Based on these results, suggestions for future research directions and recommendations for policy makers were formulated.
Subjects: 
entrepreneurship
nascent entrepreneurship rate
discontinuation of businesses rate
economic freedom
JEL: 
L26
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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