YOUTH ENTREPRENEURSHIP – POSSIBILITIES OF EUROPEAN UNION SUPPORTIVE PROGRAMMES
Keywords:
youth entrepreneurship, European Union, supportive programmes, EU youth strategy
Abstract
Youth unemployment is one of the key problems faced by young people in the Republic of Serbia and other European countries. Considering the importance of entrepreneurship as a generator of new jobs and a driver of economic development, the paper pays special attention to the entrepreneurship of young people, who have a significantly smaller share in the country’s entrepreneurial potential than other age categories. In order to overcome this, the European Union and member countries are developing various supportive programmes for young people to strengthen their entrepreneurial potential and encourage them to start entrepreneurial ventures. In the paper, an overview of the available programmes of the European Union that support the development of this type of entrepreneurship was performed to get better insight into the possibilities of these programmes and to give concrete guidelines to young people during and after formal education.
References
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Council Recommendation of 10 March 2014 on a Quality Framework for Traineeships. (2014). Official Journal of the European Union, C 88/01.
Ćoćkalo, D., Đorđević, D., Bogetić, S., & Bakator, M. (2020). Youth entrepreneurship development: A review of literature and ten-year research results. Journal of Engineering Management and Competitiveness (JEMC), 10(2), 151-161.
Dvouletý, O., & Lukeš, M. (2016). Review of empirical studies on self-employment out of unemployment: do self-employment policies make a positive impact? International Review of Entrepreneurship, 14(3), 361–376.
European Commission. Employment, Social Affairs & Inclusion. Available at https://ec.europa.eu/social/main.jsp?catId=1079&langId=en
European Union. European Year of Youth 2022. Available at https://youth.europa.eu/year-of-youth_en
European Youth Portal. European Solidarity Corps. Available at https://youth.europa.eu/solidarity/young-people/volunteering_en
European Youth Portal. EU Youth Strategy – Employment and Entrepreneurship. Available at https://youth.europa.eu/strategy/employment-entrepreneurship_en
Eurostat. (2023). Youth employment by sex, age and educational attainment level. Available at https://ec.europa.eu/eurostat/data/database
Geldhof, G. J., Porter, T., Weiner, M. B., Malin, H., Bronk, K. C., Agans, J. P., Mueller, M., Damon, W., & Lerner, R. M. (2014). Fostering youth entrepreneurship: Preliminary findings from the young entrepreneurs study. Journal of research on adolescence, 24(3), 431-446.
International Labour Organization. (2022). Global Employment Trends for Youth 2022: Investing in transforming futures for young people. Geneva.
Minniti, M. (2008). The role of government policy on entrepreneurial activity: Productive, unproductive, or destructive? Entrepreneurship Theory and Practice, 32(5), 779-790.
OECD/European Commission. (2021). The Missing Entrepreneurs 2021: Policies for Inclusive Entrepreneurship and SelfEmployment. OECD Publishing. Available at https://doi.org/10.1787/71b7a9bb-en
OECD/European Commission. (2020). Policy Brief on Recent Developments in Youth Entrepreneurship. Publications Office of the European Union. Available at https://www.oecd.org/publications/policy-brief-on-recent-developments-in-youth-entrepreneurship-5f5c9b4e-en.htm
OECD/European Commission. (2019). The Missing Entrepreneurs 2019: Policies for Inclusive Entrepreneurship. OECD Publishing. Available at https://ec.europa.eu/social/main.jsp?catId=738&langId=en&pubId=8266&furtherPubs=yes
Ogamba, I. K. (2018). Millennials empowerment: youth entrepreneurship for sustainable development. World Journal of Entrepreneurship, Management and Sustainable Development.
Schott, T., Kew, P., and Cheraghi, M. (2015). Future Potential. A GEM perspective on Youth Entrepreneurship 2015. GEM Global Youth Report 2015.
Vladimirovich, M. I., Nisonovich, S. M., Sergeevich, S. M., & Aharonovich, A. R. (2019). Regional differentiation of support of youth innovative entrepreneurship system in the union state. Academy of Entrepreneurship Journal, 25, 1-5.
Youth Business International. (2021). Youth Business Europe Programme – Impact Report. Citi Foundation. Available at https://www.youthbusiness.org/file_uploads/Youth-Business-Europe-Programme---Impact-Report.pdf
Published
2024/04/17
Section
Original Scientific Paper
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