This is a preprint, a preliminary version of a manuscript that has not completed peer review at a journal. Research Square does not conduct peer review prior to posting preprints. The posting of a preprint on this server should not be interpreted as an endorsement of its validity or suitability for dissemination as established information or for guiding clinical practice.
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Modeling complex concepts, especially in the field of management science, will help researchers to get a better understanding of the relationship between insensible and multidimensional phenomena. The relationship between entrepreneurship and economic development has been repeatedly discussed by researchers. With reference to various research, the impact of innovative entrepreneurial activities on the growth and development of economies is clear to all.
This study attempts to provide a mathematical model in support of the accuracy of this relationship. Stochastic processes and probabilistic models have widely been used to perform this modeling.
The underlying result of this model is a function by which the exact parameter of entrepreneurial performance can be calculated and also, by applying this model, the relationship between the innovation index and entrepreneurship is justifiable. Also, based on this modeling, the level of entrepreneurship of countries can be ranked based on innovation.
Keywords
Business Activities, Innovation in Business, Economic Development, Economic Resilience, Chinese Restaurant Process, Blackwell-MacQueen urn scheme
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This is a preprint, a preliminary version of a manuscript that has not completed peer review at a journal. Research Square does not conduct peer review prior to posting preprints. The posting of a preprint on this server should not be interpreted as an endorsement of its validity or suitability for dissemination as established information or for guiding clinical practice.
Research
Badges
Prescreen
This manuscript passed our Prescreen assessment
Complete author information
Appropriate declaration statements
Potential risks to human health
Prescreen
History
CURRENT STATUS: Posted
Version 1
Posted 23 Mar, 2020
No community comments so far
Metrics
Comments: 0
PDF Downloads: ...
HTML Views: ...
Subject Areas
Entrepreneurship
License:
This work is licensed under a CC BY 4.0 License. Read Full License
Modeling complex concepts, especially in the field of management science, will help researchers to get a better understanding of the relationship between insensible and multidimensional phenomena. The relationship between entrepreneurship and economic development has been repeatedly discussed by researchers. With reference to various research, the impact of innovative entrepreneurial activities on the growth and development of economies is clear to all.
This study attempts to provide a mathematical model in support of the accuracy of this relationship. Stochastic processes and probabilistic models have widely been used to perform this modeling.
The underlying result of this model is a function by which the exact parameter of entrepreneurial performance can be calculated and also, by applying this model, the relationship between the innovation index and entrepreneurship is justifiable. Also, based on this modeling, the level of entrepreneurship of countries can be ranked based on innovation.
Figure 1
Figure 2
Figure 3
Figure 4
This preprint is available for download as a PDF.
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