ENTREPRENEURSHIP GROWTH AND PUBLIC POLICIES IN AN AGE OF DIGITAL ECONOMY

Abstract

Entrepreneurship is globally recognized as a vital driver of economic growth. To ensure national economic prosperity, governments must prioritize entrepreneurial activities through well-designed policies and digital initiatives. This study explores the impact of economic policies and digital technologies on entrepreneurship growth in the digital economy. The objectives are to examine how economic policies influence entrepreneurship growth and to analyze the role of digital technologies in moderating this growth and innovation. A theoretical reasoning approach and systematic literature review were employed to synthesize findings from various studies. The findings highlight a significant positive relationship between supportive government policies such as entrepreneurship interventions and monetary policy, and the growth of small-scale businesses. These policies create a conducive environment for entrepreneurship, fostering new entrepreneurial business formation and economic growth. Additionally, the integration of digital technologies significantly enhances entrepreneurial activity and sustainable competitiveness. Digital technologies offer new opportunities for entrepreneurs to innovate and develop new business models. In conclusion, the study revealed the crucial role of economic policies and digital technologies in fostering entrepreneurship in the digital economy. Recommendations direct policymakers to design targeted economic policies, invest in digital infrastructure, implement educational initiatives focused on digital skills and entrepreneurship, and foster public-private collaborations. Regular assessment mechanisms should be established to ensure the effectiveness of these policies.