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Article

International Trade in the High-Tech Sector—Support or Obstacle to Start-Up Processes at the Macro Level in European Union Countries?

Department of International Competitiveness, Poznan University of Economics and Business, Al. Niepodległosci 10, 61-875 Poznan, Poland
Academic Editor: Krzysztof Wach
J. Theor. Appl. Electron. Commer. Res. 2021, 16(5), 1877-1892; https://doi.org/10.3390/jtaer16050105
Received: 11 May 2021 / Revised: 7 June 2021 / Accepted: 8 June 2021 / Published: 10 June 2021
High-tech internationalization touches on two aspects impacting entrepreneurship: openness of the economy and its level of innovativeness. Both of them might positively or negatively affect the process of new company creations, as suggested by the concept of entrepreneurial regime with creative destruction or by the concept of routinized regime with creative accumulation. The aim of the article is to assess the impact of high-tech internationalization on the start-up process of new company creation. Cluster analysis and panel modeling for European Union countries in 2009–2018 were conducted. The research results distinguish clusters of European Union countries with a different level of high-tech internationalization. The impact of high-tech internationalization on start-up rates is significant in the case of both clusters; however, it is stronger in the cluster of countries with a relatively higher level of high-tech international openness. The high-tech intra-EU import and extra-EU high-tech export negatively affect the rate of new enterprise creation in both clusters. Additionally, extra-EU import in clusters with a relatively higher level of high-tech internationalization also negatively impacts start-up rates. The only aspect supporting the start-up process is the level of intra-EU export in clusters with higher levels of high-tech internationalization. The results suggest that in European Union countries, creative accumulation is the dominant phenomenon. View Full-Text
Keywords: high-tech international trade; start-up process; European Union high-tech international trade; start-up process; European Union
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MDPI and ACS Style

Gawel, A. International Trade in the High-Tech Sector—Support or Obstacle to Start-Up Processes at the Macro Level in European Union Countries? J. Theor. Appl. Electron. Commer. Res. 2021, 16, 1877-1892. https://doi.org/10.3390/jtaer16050105

AMA Style

Gawel A. International Trade in the High-Tech Sector—Support or Obstacle to Start-Up Processes at the Macro Level in European Union Countries? Journal of Theoretical and Applied Electronic Commerce Research. 2021; 16(5):1877-1892. https://doi.org/10.3390/jtaer16050105

Chicago/Turabian Style

Gawel, Aleksandra. 2021. "International Trade in the High-Tech Sector—Support or Obstacle to Start-Up Processes at the Macro Level in European Union Countries?" J. Theor. Appl. Electron. Commer. Res. 16, no. 5: 1877-1892. https://doi.org/10.3390/jtaer16050105

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