Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

A Framework to Measure the Taxonomic of Economic Anchor: a Case Study of the Three Seas Initiative Countries

Version 1 : Received: 13 January 2021 / Approved: 14 January 2021 / Online: 14 January 2021 (16:17:12 CET)

How to cite: Kozera-Kowalska, M.; Uglis, J.; Lira, J. A Framework to Measure the Taxonomic of Economic Anchor: a Case Study of the Three Seas Initiative Countries. Preprints 2021, 2021010279 (doi: 10.20944/preprints202101.0279.v1). Kozera-Kowalska, M.; Uglis, J.; Lira, J. A Framework to Measure the Taxonomic of Economic Anchor: a Case Study of the Three Seas Initiative Countries. Preprints 2021, 2021010279 (doi: 10.20944/preprints202101.0279.v1).

Abstract

This research is aimed at determining the characteristics of the current level of entrepreneurial potential of the Three Seas Initiative (3SI) countries, the ability to overcome the consequences of extraordinary events, such as COVID-19 and prospects for the return to an accelerated development once the destabiliser of the economic system, the coronavirus pandemic, has ceased. Eurostat, World Bank and the World Economic Forum data for 2015-2019 were used for the purpose of the research. The research was divided into three stages, i.e. assessment of economic development on the basis of a synthetic ratio of economic anchor development, for which a relative benchmark method based on spatial median (so-called L1 median or Weber point) was used, identification of conditions for the development of entrepreneurial capacity and statistical analysis showing the correlation between economic anchor measures and selected factors of the 3SI countries economic development. Our study found that the entrepreneurial capacity of the 3SI countries in 2015-2019 was determined by nine characteristics, belonging to six areas, i.e. local economy, demographic situation, social situation, trade exchange, innovation and tourism economy. The entrepreneurial potential of the 3SI countries was spatially diversified, and its development was determined, among others, by the entrepreneurial activity of residents (entrepreneurship index) and the conditions for running a business.

Subject Areas

Three Seas Initiative; entrepreneurial potential; synthetic measure of economic anchor; economic lockdown; economy after COVID-19

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