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- W2297629153 abstract "The purpose of this paper is to analyse the impact of innovation and entrepreneurship related factors on national and regional economies thus allowing for the emergence of new reflections capable of leading to increased socio-economic prosperity. Following quantitative analysis, we carry out three empirical approaches in order to examine the effects of innovation and entrepreneurship on competitiveness. In accordance with our initial study framework, we test our conceptual model of competitiveness through applying descriptive statistics, structural equation modelling (SEM) and hierarchical cluster analysis. Descriptive statistics and SEM data sources from the Global Competitiveness Report of the World Economic Forum (WEF) were analyzed for 148 countries. The hierarchical cluster analysis furthermore analyzed Global Entrepreneurship Monitor (GEM) data on 67 different countries. The study confirmed that innovation and sophistication factors are crucial to the competitiveness of economies. In addition, the study also revealed the definition of five clusters relative to the competitive performance of advanced economies following the introduction of new entrepreneurship variables. This research aims to open up avenues for the development of regional competitiveness studies and enable the comparison of best practices between countries and regions." @default.
- W2297629153 created "2016-06-24" @default.
- W2297629153 creator A5025982707 @default.
- W2297629153 date "2014-01-01" @default.
- W2297629153 modified "2023-09-27" @default.
- W2297629153 title "Innovation and Entrepreneurship Networks as Global Competitiveness Drivers" @default.
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