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The role of entrepreneurship and enterprises for local economic development

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  • Rahmije Topxhiu

Abstract

Most policymakers and academics agree that entrepreneurship is critical to the development and well-being of society. Entrepreneurs create jobs. They drive and shape innovation, speeding up structural changes in the economy. By introducing new competition, they contribute indirectly to productivity. Entrepreneurship is thus a catalyst for economic growth and national competitiveness. The paper presents the theoretical framework of links between the entrepreneurship, enterprises and local economic development through two conceptual models established recently. The rest of the paper presents the importance and measures to be taken to promote entrepreneurship and enterprises at a local level as well as several possible programs that may be included in local economic development strategies so as to support the entrepreneurship and development of small and medium enterprises given the fact that there are crucial factors impacting the economic development of certain locality.

Suggested Citation

  • Rahmije Topxhiu, 2012. "The role of entrepreneurship and enterprises for local economic development," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 5, pages 96-107, February.
    • Handle: RePEc:etc:journl:y:2012:i:5:p:96-107
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    References listed on IDEAS

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    1. Sander Wennekers, 2006. "Entrepreneurship at Country Level : Economic and Non-Economic Determinants," Scales Research Reports R200602, EIM Business and Policy Research.
    2. Roy Thurik & Sander Wennekers & Lorraine Uhlaner, 2002. "Entrepreneurship and economic performance: a macro perspective," Scales Research Reports N200220, EIM Business and Policy Research.
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    Cited by:

    1. Loreta Isaraj, 2021. "SMEs�s potentials of Research and Development and the European Union Prospective. A Literature Review," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 24, pages 184-198, July.
    2. Christos Tsilikis, 2020. "Milestones in forging the contemporary perception of CSR. An overview," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 22, pages 41-58, July.
    3. Anesu Mironga, 2021. "The Nexus between the Establishment of an Enabling Environment and Local Economic Development in the City of Harare," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(11), pages 425-431, November.

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