Front Cover -- Title Page -- Copyright Page -- Contents -- Acknowledgments -- Abbreviations -- Overview -- Entrepreneurship in Georgia -- Policy Recommendations -- Notes -- Chapter 1 What Drives Entrepreneurship and Economic Growth? -- Motivations for Entrepreneurs -- Determinants of Entrepreneurship -- High-Growth Entrepreneurship -- Role of Government -- References -- Chapter 2 Georgia's Economic Structure and the Role of Entrepreneurship -- Motivation -- Recent Economic Performance -- Empirical Analysis -- Notes -- References -- Chapter 3 Entrepreneurship and New Firm Growth -- 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 Can Government Policies Stimulate Entrepreneurship? -- Introduction -- Increasing Access to Finance -- Simplifying Tax Administration -- Facilitating Learning from Exporting and Fostering Backward Links through Foreign Direct Investment Growth -- Developing Skills -- 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 of New Entrepreneurship Survey -- Appendix D Regression Results of Enterprise Survey -- Boxes -- Figures -- Tables -- Back Cover.

Job creation and productivity growth are at the forefront of the global development agenda. The central challenge today for the government of Georgia is to find sources of long-term economic growth, particularly through private sector development. 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 Georgia 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 while a number of reforms have been undertaken to alleviate the business environment, there remain a number of constraints that inhibit the growth of entrepreneurial and innovative activity. These constraints include a major skills mismatch, insufficient research and development and ineffective industry-research linkages. While outlining broad policy directions in areas namely improving business environment, access to finance, developing skills, increasing access to markets, incentivizing greater firm level 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.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.