The impact of small and medium-sized firms' entrepreneurial behaviour on labour market dynamics in central and eastern Europe

Abstract

The micro and macroeconomic characteristics of an economy jointly determines its competitiveness level. In order to reach an innovation-based development stage, the Central and Eastern European countries require more efficient human capital exploitation, through the active population's creative and innovative qualities exploitation, alongside with their entrepreneurial spirit. In these conditions, the paper aims to identify several cause-effect relationships between the entrepreneurial behaviour and labour market, based on the entrepreneurial process research model anchored in the Central and Eastern European countries economic development stages and competitiveness.