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Title: Innovations and Entrepreneurship in the Macedonian Business Sector
Authors: Fiti, Taki 
Filipovski, Vladimir 
Antovska, Marica
Tashevska, Biljana 
Keywords: business innovation; R&D investment; research and development; entrepreneurship; Macedonia; political involvement; SMEs; small and medium-sized enterprises; cooperation
Issue Date: 2017
Publisher: Inderscience Publishers
Source: Fiti, T., Filipovski, V., Antovska, M. and Tashevska, B. (2017) ‘Innovations and entrepreneurship in the Macedonian business sector’, World Review of Entrepreneurship, Management and Sustainable Development, Vol. 13, Nos. 2/3, pp.194–210
Journal: World Review of Entrepreneurship, Management and Sustainable Development
Abstract: The paper starts by stressing the central role of entrepreneurship as a driving force for the dynamism and growth of modern economies. Then, the common factors contributing to low level of innovation activity in the Western Balkans are analysed. We then focus on how those factors limit the level and quality of innovation activity in the case of the Republic of Macedonia. It is pointed out that the following factors constrain the innovation activity in the Macedonian economy: the low level of R&D investments, the small share of the business sector in such investments, and a business climate which creates insufficient competitive pressure on firms to innovate and leaves room for political involvement in the business sector. Policy prescriptions include improvements in the coordination among relevant ministries/agencies supporting the SME sector and the cooperation between the business sector and the scientific community and educational system.
DOI: 10.1504/WREMSD.2017.083021
Appears in Collections:Faculty of Economics 03: Journal Articles / Статии во научни списанија

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