Linking young SME entrepreneurial activity and economic development

Natanya Meyer, Jacques de Jongh

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


Several studies have pointed out the importance of entrepreneurship and its link to economic growth. However, fewer studies contribute to the link it has toward economic development. Therefore, the chapter aimed to analyze the relationship between entrepreneurial activity and its contribution to economic growth and development in the Visegrad group. A quantitative research design was followed using secondary time series data from 2006 to 2019. A composite index was developed using the employment rate, Human Development Index (HDI), and the percentage of the population above the poverty line to measure economic development. Findings suggest that the variables, entrepreneurial development, economic growth, and economic development, are linked within the Visegrad. Economic and social characteristics amongst these countries seem to influence their performances. Policy stakeholders should ensure the stimulation and development of sound private market sectors primarily structured around responsive micro and macro decision-making.

Original languageEnglish
Title of host publicationDe Gruyter Handbook of SME Entrepreneurship
Publisherde Gruyter
Number of pages15
ISBN (Electronic)9783110747652
ISBN (Print)9783110747522
Publication statusPublished - 6 Nov 2023
Externally publishedYes


  • Composite index
  • Czech Republic
  • Economic development
  • Economic growth
  • Entrepreneurship
  • Hungary
  • Poland
  • Slovakia
  • Visegrád group

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • General Business,Management and Accounting


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