Subject: business innovation; R&D investment; research and development; entrepreneurship; Macedonia; political involvement; SMEs; small and medium-sized enterprises; cooperation
Year: 2017
Type: Journal Article
Title: Innovations and Entrepreneurship in the Macedonian Business Sector
Author: Fiti, Taki
Author: Filipovski, Vladimir
Author: Antovska, Marica
Author: Tashevska, Biljana
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.
Publisher: Inderscience Publishers
Relation: World Review of Entrepreneurship, Management and Sustainable Development
Identifier: oai:repository.ukim.mk:20.500.12188/5574
Identifier: 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
Identifier: http://hdl.handle.net/20.500.12188/5574Identifier: 10.1504/WREMSD.2017.083021
Identifier: https://www.inderscience.com/info/inarticle.php?artid=83021
