Page 75 - Azerbaijan State University of Economics

Swaty Sharma, Munish Gupta: Does the Rise of Emerging Technologies Transform Digital
Entrepreneurial Activity? Evidence from OECD Nations

because these models do not typically help new business start-ups. Economic
expansion, combined with a large number of existing businesses, creates
favourable conditions for digital entrepreneurship. Financial dangers make it
more important for digital entrepreneurs to manage their risks properly.

6.1 Implication
The research contributes to and supports the current body of knowledge relating to
innovation and entrepreneurship by incorporating variables of digital transformation
into national entrepreneurship models. It also confirms the triple helix model, in the
sense that academia-industry-government collaboration results in innovation-based
start-ups.
6.1.1 Practical Implications

To the policymakers, the findings demonstrate the necessity of:
• Expanding broadband and digital infrastructure to ensure entrepreneurs in all
regions can connect, innovate, and grow their ventures.
• Offering support and incentives for R&D initiatives and nurturing high-skill
talent, so creative minds can turn ideas into scalable solutions.
• Consistent financial and macroeconomic policies to allay risks on investments.
• These findings can inform entrepreneurs and investors about high-potential
digital markets and allow them to focus on the regions with favourable digital
ecosystems.

7. Future Research Directions
In future research, the dynamic panel methods or nonlinear effects and time lags
between innovation inputs and outcomes on digital entrepreneurship could be utilized.
Cross-country analyses between advanced and developing markets would also aid in
generalizing the results and in narrowing down targeted interventions.

In conclusion, digital entrepreneurship is not a very direct factor of technology
adoption but is ingrained within the economic, institutional, and innovation system of
a country. This paper is an empirical guide to the relationship and how it may be
fortified.

The research contributes to and supports the current body of knowledge relating to
innovation and entrepreneurship by incorporating variables of digital transformation
into national entrepreneurship models. It also confirms the triple helix model, in the
sense that academia-industry-government collaboration results in innovation-based
start-ups.

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