Innovation and entrepreneurship in emerging economy versus mature economies

Challenges and opportunities

Research output: Contribution to journalArticle

Abstract

Innovation and entrepreneurship are critical elements in diversification of economy worldwide and the engines for economic growth and job creation. Many researchers and practitioners are claiming positive effects of innovation and entrepreneurship in developing countries on the economic development. However, few programs and initiatives are taking place and adapted in a right way for successful implementation for growth and development of emerging economics. The purpose of the study is, therefore, to provide an overview of different programs and initiatives worldwide and in Oman in the area of innovation and entrepreneurship. Finally the paper concludes with challenges and opportunities facing innovation and entrepreneurship in emerging economy. JEL classification: O35, L26, G32.

Original languageEnglish
Pages (from-to)8867-8875
Number of pages9
JournalInternational Journal of Applied Business and Economic Research
Volume14
Issue number13
Publication statusPublished - 2016

Fingerprint

Entrepreneurship
Emerging economies
Innovation
Diversification
Growth and development
Economic development
Oman
Job creation
JEL classification
Developing countries
Economic growth
Economics

Keywords

  • Entrepreneurship
  • Financing
  • Innovation
  • Oman
  • SMEs

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

Cite this

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