Entrepreneurship And Innovation in Endogenous Growth Theory. & its application in a developing country

      Аннотация: I have always been interested in finding the relationship between the country’s long term economic growth and entrepreneurship level. While we live in the era of innovation and investor mindset, I was motivated by the idea to find this application and relation to a developing country with a transition economy. The reason I chose entrepreneurship is because I have been fascinated by the idea of self-employment and leadership. By having a different work schedule, entrepreneurs tend to follow a different style of working and through innovation they can have a massive impact related to the country’s growth in the future. I have to state that some of the greatest business ideas come from innovation and not from inventions, e.g. Walmart came from the improvement of the retail business through discount stores all over U.S, while Amazon innovated the idea of the retail store to the e-commerce level. That’s why it was important to me to have a study conducted to see the quantity of employment created by enterprises in the economy. This work should help shed some light on this dynamic business world and should be especially helpful to everyone who is eager to find its use on his research.

Ключевые слова: Albania, economics, Endogenous growth, Enterprises, Entrepreneurship, GDP, Innovation, business, econometrics, macroeconomics