The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents
<p dir="ltr">This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. How...
Saved in:
| Main Author: | |
|---|---|
| Published: |
2020
|
| Subjects: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1864513562322403328 |
|---|---|
| author | Evren Tok (14779270) |
| author_facet | Evren Tok (14779270) |
| author_role | author |
| dc.creator.none.fl_str_mv | Evren Tok (14779270) |
| dc.date.none.fl_str_mv | 2020-01-15T00:00:00Z |
| dc.identifier.none.fl_str_mv | 10.3390/su12020626 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/The_Incentives_and_Efforts_for_Innovation_and_Entrepreneurship_in_a_Resource-Based_Economy_A_Survey_on_Perspective_of_Qatari_Residents/24087786 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics economic diversification innovation entrepreneurship Qatar Rentier State CPP |
| dc.title.none.fl_str_mv | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p dir="ltr">This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. However, accelerating decarbonization efforts of the global energy system due to climate change put the future value of these hydrocarbon resources into doubt and hence the country’s revenue streams from international trade. Rapidly growing the local population adds further pressure to the social welfare system amid dwindling oil and gas revenues for the state. The argument for economic diversification and theoretical foundations of innovation and entrepreneurship in a resource-rich state are discussed. A survey to measure the attitude of the residents in Qatar towards innovation and state-led initiatives is prepared and conducted with people living in the country. The analysis of the survey shows that Qatari residents are relatively risk-averse and state-dependent in their pursuit of new entrepreneurial opportunities. We identify three possible reasons for such an outcome; they are, (1) the country’s unique economic structure (natural resource-based), (2) demographic structure (expatriates vs. citizens), and (3) lack of previous experience in innovation and entrepreneurship (path dependency) in a relatively young country. The country’s spectacular success in the last three decades has become its Achilles-heel in decoupling the current economy away from hydrocarbon dependence.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su12020626" target="_blank">https://dx.doi.org/10.3390/su12020626</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_9ee0c759255ef3714d00f279a91ffef9 |
| identifier_str_mv | 10.3390/su12020626 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/24087786 |
| publishDate | 2020 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari ResidentsEvren Tok (14779270)Commerce, management, tourism and servicesStrategy, management and organisational behaviourEconomicsApplied economicseconomic diversificationinnovationentrepreneurshipQatarRentier StateCPP<p dir="ltr">This paper studies the local perspective on innovation and entrepreneurship in the resource-based state of Qatar. The effective utilization of abundant natural resources (oil and gas) have propelled the country’s rapid economic development over the last four decades. However, accelerating decarbonization efforts of the global energy system due to climate change put the future value of these hydrocarbon resources into doubt and hence the country’s revenue streams from international trade. Rapidly growing the local population adds further pressure to the social welfare system amid dwindling oil and gas revenues for the state. The argument for economic diversification and theoretical foundations of innovation and entrepreneurship in a resource-rich state are discussed. A survey to measure the attitude of the residents in Qatar towards innovation and state-led initiatives is prepared and conducted with people living in the country. The analysis of the survey shows that Qatari residents are relatively risk-averse and state-dependent in their pursuit of new entrepreneurial opportunities. We identify three possible reasons for such an outcome; they are, (1) the country’s unique economic structure (natural resource-based), (2) demographic structure (expatriates vs. citizens), and (3) lack of previous experience in innovation and entrepreneurship (path dependency) in a relatively young country. The country’s spectacular success in the last three decades has become its Achilles-heel in decoupling the current economy away from hydrocarbon dependence.</p><h2>Other Information</h2><p dir="ltr">Published in: Sustainability<br>License: <a href="https://creativecommons.org/licenses/by/4.0/" target="_blank">https://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.3390/su12020626" target="_blank">https://dx.doi.org/10.3390/su12020626</a></p>2020-01-15T00:00:00ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.3390/su12020626https://figshare.com/articles/journal_contribution/The_Incentives_and_Efforts_for_Innovation_and_Entrepreneurship_in_a_Resource-Based_Economy_A_Survey_on_Perspective_of_Qatari_Residents/24087786CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/240877862020-01-15T00:00:00Z |
| spellingShingle | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents Evren Tok (14779270) Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics economic diversification innovation entrepreneurship Qatar Rentier State CPP |
| status_str | publishedVersion |
| title | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| title_full | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| title_fullStr | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| title_full_unstemmed | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| title_short | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| title_sort | The Incentives and Efforts for Innovation and Entrepreneurship in a Resource-Based Economy: A Survey on Perspective of Qatari Residents |
| topic | Commerce, management, tourism and services Strategy, management and organisational behaviour Economics Applied economics economic diversification innovation entrepreneurship Qatar Rentier State CPP |