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Multicriteria Evaluation of National Entrepreneurship In Newly EU Countries

Author

Listed:
  • Algis Zvirblis

    () (Professor, Economics and Finance Management Faculty, Mykolas Romeris University, Vilnius, Lithuania)

  • Antanas Buracas

    () (Professor, International Business School at Vilnius University)

Abstract

When evaluating entrepreneurship at the national level, the influence of small and mediumsized enterprises (SMEs) on the state economic development is analyzed. Also, the impact of significant factors (goods and services competitiveness, innovations, diversification, clusterization, creating social value, etc.) on SMEs working effectiveness (respectively improving the entrepreneurial efficiency) is investigated. When focused on the national economic competitiveness as a general criterion, the principles and models for consolidated quantitative estimation of national entrepreneurship development level are applicable for newly admitted EU countries (on account of some of their specific factors). The results of assessing the entrepreneurship level in 2009-2010 and the nearest future are presented in this study using Lithuania's data as a typical case. The multicriteria estimation process includes the identification and expert examination, in addition to quantifiable assessment of essential primary indicators. Moreover, the pillar indexes underlying them and entrepreneurship development index using the significance parameters of primary indicators are determined by the authors. The relative impact of the different primary and partial criteria is taken into account by calculation of the integrated criterion–level index, which allows us to evaluate more adequate differences in newly EU countries. To improve the (World Economic Forum) WEF methodology, the authors are using various, not predetermined, weights of primary indicators, also indexes of performance and propose a more adequate differentiation of significances for the pillars. The complex evaluation of the primary indicators influencing business may be used for the strategic solutions reasoning.

Suggested Citation

  • Algis Zvirblis & Antanas Buracas, 2011. "Multicriteria Evaluation of National Entrepreneurship In Newly EU Countries," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Eastern Macedonia and Thrace Institute of Technology (EMATTECH), Kavala, Greece, vol. 4(1), pages 79-94, March.
  • Handle: RePEc:tei:journl:v:4:y:2011:i:1:p:79-94
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    Citations

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    Cited by:

    1. Müller, Bettina & Rammer, Christian, 2012. "Start-up promotion instruments in OECD countries and their application in developing countries," ZEW Expertises, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research, number 110561.

    More about this item

    Keywords

    Competitive Advantage; Entrepreneurship Level; Primary Indicators; Competitive Pillars; Quantitative Assessment; Multicriteria Methods;

    JEL classification:

    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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