Fast-growing Tech Companies as a Driver of Regional and National Sustainable Economic Development

Irina Dzyubenko

2021

Abstract

The article deals with the analysis of the fast-growing tech companies which are proved to be a key factor in structural changes and sustainable economic growth. The intended purpose of this paper is to identify the particular traits of fast-growing tech companies and to reveal the factors which determine the extent of their development (both spatial and intensive) in various regions and countries. The paper employs multivariate analysis methods in the evaluation of the data for 29 countries in order to achieve the purpose mentioned above. A set of factors affecting the launch and growth of tech companies has been determined. The relationship between the development of fast-growing high-tech companies and the following variables was tested: the level and the dynamics of country's wealth, population’s welfare, as well as the share of R&7D expenditures in GDP. Based on cluster analysis 4 groups of countries have been defined depending on the indicators of fast-growing tech companies’ development and the characteristics of entrepreneurial ecosystem there. The value of this paper is to provide practical tools for enhancing technology entrepreneurship. The results of the research can be used in the development and implementation of support measures for fastgrowing companies.

Paper Citation

in Harvard Style

Dzyubenko I. (2021). Fast-growing Tech Companies as a Driver of Regional and National Sustainable Economic Development. In Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI, ISBN 978-989-758-519-7, pages 540-548. DOI: 10.5220/0010593605400548

in Bibtex Style

@conference{issdri21,
author={Irina Dzyubenko},
title={Fast-growing Tech Companies as a Driver of Regional and National Sustainable Economic Development},
booktitle={Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,},
year={2021},
pages={540-548},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010593605400548},
isbn={978-989-758-519-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Scientific and Practical Conference on Sustainable Development of Regional Infrastructure - Volume 1: ISSDRI,
TI - Fast-growing Tech Companies as a Driver of Regional and National Sustainable Economic Development
SN - 978-989-758-519-7
AU - Dzyubenko I.
PY - 2021
SP - 540
EP - 548
DO - 10.5220/0010593605400548