THE INTERDEPENDENCE ANALYSIS OF ENTREPRENEURSHIP- ECONOMIC COMPETITIVENESS LEVEL BASED ON THE LOTKA-VOLTERRA MODEL

Abstract

The entrepreneurship role in ensuring competitiveness and hence in in the national economies development is well known and generally accepted. The inverted influence, respectively the measure in which the competitiveness level of national economies represents a determining factor in terms of economic agents entrepreneurial behavior is however a subject less debated, especially from the empirical analysis. Under these circumstances, the purpose of this study is to analyze using the Lotka-Volterra, based on data published between 2008-2015 in two of the most popular annual reports (The Global Entrepreneurship Monitor and the Global Competitiveness Report), the degree in which the global competitiveness index and the total entrepreneurial rate influence each other. Thus, applying the model will allow us to identify the type of interaction between the two variables (prey-predator relationship, competition and cooperation), and to estimate the value of the Total Entrepreneurial Rate and of the Global Competitiveness Index for 2016.

Keywords

• Global Competitiveness Index
• Entrepreneurial Rate
• Interdependency
• rhythm
• Lotka-Volterra