Author(s):
1. Bisera Gjosevska,

Abstract:
Although considered a major driving force of all developed economies, entrepreneurship has only recently started gaining momentum among Macedonian authorities designing policies aimed at accelerating the completion of the transitional cycle. Thus, the purpose of this article is to evaluate the status of Macedonia’s entrepreneurial potential in relation to its regional, sectoral and global peers for the year 2008. Using a cross-sectional study of the data available through GEM’s Adult Population Survey, the determining factors of total entrepreneurial activity are identified. In addition, a number of issues intrinsic to the Macedonian economy, such as historical legacies, the role of female entrepreneurs and financing difficulties are also discussed, revealing the peculiar nature of the developmental path of Macedonian entrepreneurship.

Key words:
entrepreneurship, cross-sectional study, transitional economies

Opening paper:
Yes

Date of abstract submission:
28.06.2011.

Number of visits:
698

Conference:
REDETE 2011

Applied paper from author