THE RELATIONSHIP BETWEEN ENTREPRENEURSHIP AND NATIONAL COMPETITIVENESS
Doctoral School of Business Administration, Bucharest University of Economic Studies, Bucharest, Romania
Abstract: Currently, entrepreneurship is identified as an important factor for contributing to the economic development of the nation as well as the change of society. Entrepreneurship creates wealth, jobs, and economic growth in the country. Furthermore, a prominent feature of entrepreneurship is the enhancement of the country’s competitiveness. Therefore, building and improving the nation’s entrepreneurship is an urgent requirement to promote the country’s competitiveness in the best way. In this paper, the relationship between national competitiveness and entrepreneurship is confirmed through quantitative analysis methods. In addition, the influence of entrepreneurship on the national competitiveness of countries in the world is also introduced. The specific objective of the study is to present two related indexes, namely the global entrepreneurship index and the global competitiveness index. Furthermore, through the assessment and comparison of these two indicators, the study also analyzes the relationship between entrepreneurship and national competitiveness. The paper’s analysis is based on data covering 124 observed samples, provided by the Global Entrepreneurship Monitor in 2019 and the Global Competitiveness Report in 2019. Besides, analytical methods such as the graphic method, regression method were also performed. From this, it proved that there is existence a close relationship between the two indicators. The results show that the more entrepreneurship is raised, the more competitive the country will be. Therefore, the government needs to have policies that contribute to the development of national entrepreneurship. Herein, can contribute to supporting and promoting the competitiveness of the country. Finally, the presented results contribute to the promotion of studies assessing the influence of entrepreneurship and startups on national competitiveness. The paper ends with some discussion of the results and implications of the study.
Keywords: Global Entrepreneurship Index; Global Competitiveness Index; entrepreneurship, national competitiveness.
