Open AccessEntrepreneurial Behaviour on the New Silk Road: Space for Improvement?
Author(s) -
Jiří Novosák,
Radek Jurčík
Publication year - 2018
Publication title -
confrontation and cooperation
Language(s) - English
Resource type - Journals
ISSN - 2391-5536
DOI - 10.2478/conc-2018-0006
Subject(s) - prosperity , entrepreneurship , economic geography , space (punctuation) , point (geometry) , business , economic system , economy , economics , economic growth , computer science , geometry , mathematics , finance , operating system
A number of studies point out a positive influence of entrepreneurship on economic growth. This is due to the role that entrepreneurs play in the economy by utilizing new knowledge, shaping markets, and pushing out unproductive incumbents. The ambitious One Belt One Road Initiative, which recently includes sixty Asian, African and European countries, aims at stimulating global economic development and prosperity. From the theoretical point of view, entrepreneurship is crucial for achieving the aim. Consequently, the intent of this paper is to analyze entrepreneurial behavior of the countries participated in the One Belt One Road Initiative, using the data from the Global Entrepreneurship Monitor (GEM). Distinct country clusters are identified and their entrepreneurial characteristics are interpreted.