Entrepreneurship and Sustainable Development in European Countries before and during the International Crisis

Abstract

This paper analyses the correlations between the indicators of the entrepreneurial activities and sustainable development indicators in European countries before and during the international crisis, taking into consideration the fact that entrepreneurship and sustainable development are considered two of the most important keys to assure the social-economic development. The research results are based on data and information collected from Eurostat and Global Entrepreneurship Monitor data bases. In order to obtain new variables regarding the correlations between entrepreneurship and sustainable development, we have applied Principal Components Analysis (PCA), using SPSS software package. The results are showing how the indicators of both entrepreneurship and sustainable development are combining with each other, and also the distribution of the European countries based on new components resulted by using PCA.

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