IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/94147.html

The Perception of Entrepreneurial Climate in the Republic of Croatia

Author

Listed:
  • Pureta, Igor
  • Pureta, Tanja

Abstract

One of the most important roles of the government is to provide a positive entrepreneurial climate that allows clearly defined market conditions, thus attracting entrepreneurs (Vehovec, 2002). By focusing on the characteristics important for entrepreneurial growth, governments can develop policies and programs in a targeted manner to help entrepreneurs. In order to examine the entrepreneurial climate in the Republic of Croatia, the Entrepreneurial Climate Questionnaire was completed by 761 leaders from various Croatian companies. The three-factor structure of the entrepreneurial climate was obtained. The first factor, described as the strategic postulates of the country and their impact on the market (clarity of the vision of development and the vitality of the country systems that support it, such as science, education, legislation, financial strategy and justice), the respondents estimated as very unfavorable for successful business development in Croatia. The second factor, described as the behavior of the country on an operational level (public administration services), respondents rated somewhat more favorable than the first factor, though still far from optimal. The third factor, described as the country’s impact on competition, was also assessed by the respondents as unfavorable (primarily, they are dissatisfied with the high level of corruption, numerous public administrations demands, unregulated grey labor market and high prices of the financial services). Significant differences in estimates with respect to the form of ownership have been established, e.g. the state-owned companies estimated the entrepreneurial climate as the most favorable, private foreign companies as less favorable, and private domestic companies estimated it as the most unfavorable. At this point, it seems that the Republic of Croatia does not stimulate, instead, it is a major obstacle to the serious development of entrepreneurial climate and competitiveness. The results show that the situation could easily change with clear strategic guidelines and determination to make changes.

Suggested Citation

  • Pureta, Igor & Pureta, Tanja, 2019. "The Perception of Entrepreneurial Climate in the Republic of Croatia," MPRA Paper 94147, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:94147
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/94147/1/MPRA_paper_94147.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daron Acemoglu & James Robinson, 2010. "The Role of Institutions in Growth and Development," Review of Economics and Institutions, Università di Perugia, vol. 1(2).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Greven, Andrea & Beule, Thorsten & Fischer-Kreer, Denise & Brettel, Malte, 2024. "Perceiving an entrepreneurial climate at universities: An inquiry into how academic entrepreneurs observe, use, and benefit from support mechanisms," Research Policy, Elsevier, vol. 53(2).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Annie Tubadji & Peter Nijkamp, 2015. "Cultural impact on regional development: application of a PLS-PM model to Greece," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 687-720, May.
    2. Rok Spruk & Mitja Kovac, 2018. "Inefficient Growth," Review of Economics and Institutions, Università di Perugia, vol. 9(2).
    3. Singh, Anuraag & Triulzi, Giorgio & Magee, Christopher L., 2021. "Technological improvement rate predictions for all technologies: Use of patent data and an extended domain description," Research Policy, Elsevier, vol. 50(9).
    4. Javier Barbero & Ernesto Rodríguez-Crespo, 2022. "Technological, institutional, and geographical peripheries: regional development and risk of poverty in the European regions," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 311-332, October.
    5. Machiko Nissanke, 2015. "A Quest for Institutional Foundations Towards Inclusive Development in Sub-Saharan Africa," WIDER Working Paper Series wp-2015-049, World Institute for Development Economic Research (UNU-WIDER).
    6. Vassilis T. Rapanos & Georgia Kaplanoglou, 2014. "Governance, Growth and the Recent Economic Crisis: The Case of Greece and Cyprus," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 8(1), pages 3-34, June.
    7. Åsa Johansson, 2016. "Public Finance, Economic Growth and Inequality: A Survey of the Evidence," OECD Economics Department Working Papers 1346, OECD Publishing.
    8. Olalekan Charles Okunlola & Anthony E. Akinlo, 2021. "Does economic freedom enhance quality of life in Africa?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 68(3), pages 357-387, September.
    9. Kryeziu Liridon & Coşkun Recai, 2018. "Political and Economic Institutions and Economic Performance: Evidence from Kosovo," South East European Journal of Economics and Business, Sciendo, vol. 13(2), pages 84-99, December.
    10. Ofori, Isaac K. & Figari, Francesco, 2022. "Economic Globalisation and Inclusive Green Growth in Africa: Contingencies and Policy-Relevant Thresholds of Governance," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Forthcomi, pages 1-1.
    11. Onafowora, Olugbenga A. & Owoye, Oluwole, 2024. "Trade openness, governance quality, and economic growth in Latin America and the Caribbean," International Economics, Elsevier, vol. 179(C).
    12. Deniz, Pinar & Stengos, Thanasis, 2025. "Heterogeneity of institutions and model uncertainty in the income inequality nexus," European Journal of Political Economy, Elsevier, vol. 87(C).
    13. Obukohwo Oba Efayena & Enoh Hilda Olele, 2024. "Moderating the Effect of Institutional Quality on the Fiscal Policy and Economic Growth Nexus: What Evidence Exists in Sub-Saharan Africa?," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 20436-20458, December.
    14. Dasgupta, Shouro & De Cian, Enrica, "undated". "Institutions and the Environment: Existing Evidence and Future Directions," MITP: Mitigation, Innovation and Transformation Pathways 240747, Fondazione Eni Enrico Mattei (FEEM).
    15. Becherair, Amrane, 2014. "Institutions and Economic Growth in the MENA Countries: An Empirical Investigation by Using Panel data model," MPRA Paper 57683, University Library of Munich, Germany, revised 04 Aug 2014.
    16. Maonei Mangwanya, 2022. "Evaluating the impacts of foreign aid on low-income countries in Sub-Saharan Africa," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(6), pages 370-377, September.
    17. Daniel Barbezat, 2011. "The Economic History of European Growth," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 51, Edward Elgar Publishing.
    18. Mehraj Ahmad Sheikh & Mushtaq Ahmad Malik, 2021. "The Nexus of Trade Openness, Institutions and Economic Growth: An Empirical Investigation of BRICS Countries," Foreign Trade Review, , vol. 56(2), pages 206-215, May.
    19. Bo Rothstein, 2011. "Can markets be expected to prevent themselves from self‐destruction?," Regulation & Governance, John Wiley & Sons, vol. 5(4), pages 387-404, December.
    20. Nicola Pontarollo & Mercy Orellana & Joselin Segovia, 2020. "The Determinants of Subjective Well-Being in a Developing Country: The Ecuadorian Case," Journal of Happiness Studies, Springer, vol. 21(8), pages 3007-3035, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:94147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.