Entrepreneurial performance of the European Union - pivot of its economic security

Abstract

The goal of the present paper is to demonstrate whether the varying performance of the European Union states in terms of business and entrepreneurial attractiveness and activity is diminishing the level of overall economic security. Accordingly, the particular objectives which are to be achieved include: firstly, structuring the EU countries by performance groups in terms of economic efficiency; secondly, development of an innovative approach through which it can be analysed the dynamics and present level of economic security across the identified groups; and thirdly, analysis of interdependence between the selected indicators within the developed approach and, as result, suggestion of relevant policy measures at the level of the European Union. The methodology applied to reach the goal and objectives of the research includes a throughout quantitative analysis of data regarding the discrepancies in the European Union in terms of innovation output, resource productivity, employees’ salary, business R&D expenditure, international investment positions, gross fixed capital formation, exports, energy efficiency and unemployment. The results reached expressively underline that the level of discrepancies among the performance groups in the European Union is high, these differences growing in the areas of business and entrepreneurial performance.

Psychological Capital on College Teachers’ and Students’ Entrepreneurial Performance and Sports Morality Under Social and Political Education

“…Although the relative performance index cannot effectively reflect the essence of entrepreneurship, comparing enterprises in different industries can reduce some problems. Meanwhile, objective indexes are quantifiable to evaluate EP ( Ignatov, 2020 ). In contrast, subjective indexes are the personal evaluation of entrepreneurial efficiency and effect, which use scales to measure personal feelings toward EP, like the Likert-5-Grade Scale ( Cid et al, 2019 ; Hasan et al, 2019 ).…”

Trends And Contradictions In The Economic Security Of The Region Development

“…221 and the CIS Ignatov (2020). focused the study on revealing the discrepancies in the European Union's economic security.…”