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Entrepreneurial talent: The Baltics in the mirror of international studies

Author

Listed:
  • Vladimir Menshikov

    (Daugavpils University, Latvia)

  • Oksana Ruza

    (Daugavpils University, Latvia)

  • Iluta Arbidane

    (Rezekne Academy of Technologies, Latvia)

  • Iveta Mietule

    (Rezekne Academy of Technologies, Latvia)

Abstract

The aim of this article is to confirm empirically the role of education in shaping and enhancing the role of entrepreneurial talent in the economic development of the Baltic countries. The following tasks were consistently solved: clarifying the relevance of the topic of entrepreneurial talent and reflecting this multifaceted phenomenon in the socio-economic works of contemporary authors, studying the experience of teams of international research projects, where the main or great attention is paid to entrepreneurial talent, then, in a comparative perspective, assessing the role of entrepreneurial talent in the Baltic countries, the most important factors that act both as the most significant positive conditions of its impact on the economic growth of individual countries, and inhibit positive dynamics. The empirical basis for the research was composed of the international research projects, Global Entrepreneurship Monitor (GEM), Global Talent Competitiveness Index (GTGI), the report of the World Economic Forum as well as the authors’ own research into student entrepreneurial potential and entrepreneurial universities. Causal analysis and comparative analysis were used as the main research methods. In the course of the research work, the terminology used is clarified in relation to the main subject of the research - entrepreneurial talent as the most important factor in the economic development of countries and regions. The ranking of factors positively influencing the effectiveness of entrepreneurial talent, especially from the standpoint of opportunities in the field of education, has been carried out. The article includes three sections. The first section is devoted Entrepreneurial Talent as an important element of economic activity, second section - Entrepreneurship and entrepreneurial talent as a subject of international research and the third section - Entrepreneurship in the Baltic States in the evaluation of international studies. The research shows both the importance of entrepreneurial talent among other drivers of economic growth and the quality of entrepreneurial education in general education schools and universities. Therefore it is extremely important to expand the practice of entrepreneurial education for students of all specialties, gradually turning educational and research higher education institutions into entrepreneurial universities.

Suggested Citation

  • Vladimir Menshikov & Oksana Ruza & Iluta Arbidane & Iveta Mietule, 2022. "Entrepreneurial talent: The Baltics in the mirror of international studies," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(2), pages 274-293, December.
    • Handle: RePEc:ssi:jouesi:v:10:y:2022:i:2:p:274-293
    DOI: 10.9770/jesi.2022.10.2(17)
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    References listed on IDEAS

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    1. Ghulam Nabi & Francisco Linan & Alain Fayolle & Norris F. Krueger & Andreas Walmsley, 2017. "The impact of entrepreneurship education in higher education : A systematic review and research agenda," Post-Print hal-02313409, HAL.
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    More about this item

    Keywords

    talent; entrepreneurial talent; entrepreneurial education; talent competitiveness; economic growth; Baltics;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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