The Importance of Innovation in the Development of Iran’s Entrepreneurial Ecosystem
Subject Areas : Innovation and Invention
Saeed KiyanPour
1
,
Mahsa Abdi
2
,
Mohsen Hajian
3
1 - Assistant Professor, Department of Economics, Payame Noor University, Tehran, Iran
2 - Department of Economics, Payame Noor University, Tehran, Iran
3 - Department of Economics, Payame Noor University, Tehran, Iran
Keywords: Entrepreneurship, Economic Development, Global Innovation Index, Global Entrepreneurship Index, Copula,
Abstract :
Entrepreneurship includes business creation and development, which is closely related to innovation. Entrepreneurship has essential place in the economic development, and with the development of entrepreneurship, the ground for economic progress and growth will be provided. The entrepreneurial ecosystem includes various factors, such as entrepreneurs, governmental agents, non-governmental agents, and investors, which will be influenced by each other. The conditions of the entrepreneurial ecosystem affect the business performance and process and ultimately the country's economy; Based on this, it is necessary to provide and consider the development factors of the entrepreneurship ecosystem in the country. Since entrepreneurship is always associated with new ideas, innovation is considered one of the ecosystem's most critical factors. Innovation is realized at economic, social and even political levels and will reflect the system's characteristics. In this research, the impact of innovation on the development of Iran's entrepreneurial ecosystem has been studied and investigated. This research uses applied study method and correlation analysis with the Copula. Data of the Global Entrepreneurship Index, Global Innovation Index and economic growth from 2016 to 2023 have been used. According to findings, increasing innovation in Iran will increase economic growth. In the innovation and entrepreneurship ecosystem, the results show the caudal independence in this time cycle in Iran, which infers that the increase in productivity in each is independent of the other and does not affect it. The lack of innovation impact on Iran's entrepreneurial ecosystem can be the reason for more .complexity and innovation in goods and services.
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