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Author Kuriakose, Smita
Title Fostering Entrepreneurship in Azerbaijan
Imprint Herndon : World Bank Publications, 2013
©2013
book jacket
Descript 1 online resource (95 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Directions in Development
Directions in Development
Note Front Cover -- Contents -- Acknowledgments -- Abbreviations -- Overview -- Entrepreneurship in Azerbaijan -- Policy Recommendations -- Notes -- Chapter 1 The Drivers of Entrepreneurship and Economic Growth -- Introduction -- Motivations for Entrepreneurs -- Determinants of Entrepreneurship -- High-Growth Entrepreneurship -- Role of Government -- References -- Chapter 2 Azerbaijan's Economic Structure and the Role of Entrepreneurship -- Motivation -- Recent Economic Performance -- Empirical Analysis -- Notes -- References -- Chapter 3 Entrepreneurship and New Firm Growth -- Introduction -- Entrepreneurship Landscape -- Survey Results -- Notes -- References -- Chapter 4 Entrepreneurship and Innovation -- Introduction -- Innovation and Investment Climate -- Who Are the Innovators? -- Innovation and Firm Performance -- Notes -- Reference -- Chapter 5 How Government Policies Can Stimulate Entrepreneurship -- Introduction -- Promoting Greater Transparency and Efficiency -- Legal and Regulatory Simplification -- Access to Finance -- Public Support Instruments to Access Export Markets -- Skills Development -- Increasing Industry-Research Collaboration and In-Firm R&D -- Facilitating Firm Exit and Restructuring -- Raising Awareness -- Notes -- References -- Appendix A Latent Entrepreneurship -- Appendix B Classification of Exports by Product and Technology -- Appendix C Data Sources and Regression Results on New Entrepreneurship Survey -- Appendix D Regression Results on Enterprise Survey -- Boxes -- Box 3.1 Case Study: OFKO LLC-The First Private Specialized Eye Clinic in the Country -- Box 3.2 Case Study: Turbo.az LLC-Finding a Niche Market -- Box 3.3 Case Study: Ali and Nino-Turning a Passion for Reading into the First Book Store Chain in the Country -- Box 5.1 Case Study: Start-Up Chile
Box 5.2 Case Study: The Republic of Korea-Korea Institute of Startup and Entrepreneurship Development -- Box C.1 Specification of the Probit Regression -- Figures -- Figure 1.1 Conceptual Framework -- Figure 2.1 Breakdown of Value Added, 2011 -- Figure 2.2 Composition of Exports by Level of Technology, 1994-2011 -- Figure 2.3 Import and Export Composition by Commodity, 2011 -- Figure 2.4 Unemployment Rates -- Figure 2.5 Sectoral Composition of Labor Force -- Figure 2.6 Composition of Individual Entrepreneurship by Sector, 2011 -- Figure 3.1 Firm Entry Density for ECA and Southern Caucasus Countries, 2012 -- Figure 3.2 Business Ownership in Europe and Central Asia, 2011 -- Figure 3.3 Gender and Number of Founders in Sample -- Figure 3.4 Education Levels of Founders, by Sector -- Figure 3.5 Reasons for Starting a Business -- Figure 3.6 Percentage of Adults Who Reported Saving -- Figure 3.7 Contribution in Creating and Sustaining the Competitive Advantage of the Company -- Figure 3.8 Market Distribution of Sales -- Figure 3.9 Share of Total Sales When Product Is Sold to Market Type -- Figure 3.10 Importance of the Following Sources of Knowledge for Exploring New Business Opportunities for the Company -- Figure 4.1 Innovation Rates by Country -- Figure 4.2 Innovation Rates, by Firm Size, Azerbaijan -- Figure 4.3 Corruption Indicator Comparisons -- Figure 4.4 Innovative Activity by Exporting Status -- Figure 4.5 Average Annual Sales Growth -- Figure 4.6 Average Annual Employment Growth -- Figure 4.7 Average Annual Labor Productivity Growth -- Figure 5.1 Insolvency Indicators, 2013 -- Tables -- Table B.1 Classification of Exports by Product and Technology -- Table C.1 Regression Results -- Table D.1 Sample Size and Distribution of ECA 2008/09 Surveys -- Table D.2 List of Variables -- Table D.3 Who Innovates? Product Innovation
Table D.4 Who Innovates? Process Innovation -- Table D.5 Who Innovates? R&D -- Table D.6 Who Innovates? Foreign-Licensed Technology -- Table D.7 Who Innovates? Pooled Regressions -- Table D.8 Annual Employment Growth and Innovation
Job creation and productivity growth are at the forefront of the global development agenda. This is particularly relevant for Azerbaijan, whose government faces a central challenge to create conditions that will facilitate growth in nonoil tradable sectors. This study seeks to identify determinants of high-growth entrepreneurial activity. The stusy uses data from the new 2012 World Bank Entrepreneurship Survey conducted to gauge new firm growth in the formal sector in Azerbaijan and data from World Bank Enterprise Surveys to analyze innovative activity in existing firms. It includes detailed case study analyses to complement these findings.The study finds that high-growth entrepreneurialism is low in Azerbaijan and that innovative activity among firms is very low. Several factors hinder business growth and entrepreneurship. These include a lack of competition, financial systems that are not conducive to business development and a lack of industry-relevant skills. While outlining broad policy directions in areas namely improving competition and access to information, improving the business environment, increasing access to finance, developing skills, increasing access to markets, incentivizing greater in-firm research and development and raising awareness it lays out some priority areas that the government could embark on. The government could remove bottlenecks that impede entrepreneurialism in the general business environment and design new financial policy instruments to foster entrepreneurship and innovation. We hope that the issues discussed and the dialogue initiated during the course of this study would lend itself to policy design to foster high-growth entrepreneurship with a view to higher growth and job creation in this highly globalized world
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Kuriakose, Smita Fostering Entrepreneurship in Azerbaijan Herndon : World Bank Publications,c2013 9781464800672
Subject Entrepreneurship -- Azerbaijan.;Azerbaijan -- Economic conditions
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