The Role of Entrepreneurship for Cluster Formation in the Economy Cover Image

The Role of Entrepreneurship for Cluster Formation in the Economy
The Role of Entrepreneurship for Cluster Formation in the Economy

Author(s): Emil Papazov
Subject(s): National Economy, Business Economy / Management, Economic development
Published by: EDITURA ASE
Keywords: entrepreneurship; cluster formation; entrepreneurial clusters;

Summary/Abstract: The paper summarizes the contribution of the entrepreneurship to the cluster formation in the economy. Emphasis is placed on the so-called “pure” entrepreneurial clusters. The features of the latter are commented on the background of an example from the Bulgarian reality. During the last decades entrepreneurship has become a significant factor for economic development. This is associated first with the recognition of innovation as an important prerequisite for business progress, and second – with the discovery of adequate driving forces, providing access to innovative solutions and their effective dissemination (diffusion mechanisms, clusters, networks, etc.).

  • Issue Year: 12/2011
  • Issue No: 4
  • Page Range: 839-846
  • Page Count: 8
  • Language: English