The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents

Abstract

This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. However, accelerating decarbonization efforts of the global energy system due to climate change put the future value of these hydrocarbon resources into doubt and hence the country’s revenue streams from international trade. Rapidly growing the local population adds further pressure to the social welfare system amid dwindling oil and gas revenues for the state. The argument for economic diversification and theoretical foundations of innovation and entrepreneurship in a resource-rich state are discussed. A survey to measure the attitude of the residents in Qatar towards innovation and state-led initiatives is prepared and conducted with people living in the country. The analysis of the survey shows that Qatari residents are relatively risk-averse and state-dependent in their pursuit of new entrepreneurial opportunities. We identify three possible reasons for such an outcome; they are, (1) the country’s unique economic structure (natural resource-based), (2) demographic structure (expatriates vs. citizens), and (3) lack of previous experience in innovation and entrepreneurship (path dependency) in a relatively young country. The country’s spectacular success in the last three decades has become its Achilles-heel in decoupling the current economy away from hydrocarbon dependence.

Study on Resource Sharing Strategy of e-Commerce Innovation and Entrepreneurship Education Based on Cloud Computing

“…e nonfunctional requirements for running the E-commerce professional innovation and entrepreneurship education resource sharing platform include operational requirements and security requirements; operational requirements are usually relatively simple, and mastering the basic knowledge of computer use can complete the operation. e design of operation interface is usually more humanized [19].…”

Hope for the best, prepare for the worst: barriers to service innovation

“…Indeed, applying such metrics without attention to contextual delicacies has biased the results. Similarly, Tok (2020) argues that countries that have historically relied on their natural resources have to shift to more diversified economies, where innovation in value-added sectors plays a critical role because based on the Resource Curse Theory (RCT), many of the countries blessed with natural resources later become vulnerable due to the price fluctuations of such assets.…”

The College Students’ Sense of Responsibility for Innovation and Entrepreneurship

“…The survey of college students’ sense of responsibility for innovation and entrepreneurship was designed from three aspects: personal responsibility, team responsibility, and social responsibility. There were 15 questions in total to explore college students’ understanding of related responsibilities, to determine their positive identification of responsibility events, and to judge the strength of implementation of responsibility behaviors ( Tok, 2020 ). The survey of college students’ positive psychological quality was conducted based on 24 excellent qualities of positive psychological quality, with 32 items in total.…”