Article: Business ecosystems and development of start-ups in Albania: a correlational analysis Journal: International Journal of Economics and Business Research (IJEBR) 2025 Vol.29 No.9 pp.1 - 12 Abstract: The study presented in this article shows that there is a strong positive correlation between the business ecosystem favourable to start-ups and the greater number of active start-ups striving for success. The research focuses on the start-up business ecosystem of Albania and the number of active start-ups in the country. The data collected in the form of time-series datasets relates to the start-up business ecosystem rankings, innovation capacities rankings, and the total number of active start-ups of Albania, Estonia, and Lithuania. In order to reach its intended conclusion, the correlational analysis is applied to two groups of variables for each country: the start-up business ecosystem rankings and innovation capacities rankings on the one hand and the total number of active start-ups on the other hand. The conclusion reached clearly points to the necessity for Albania to greatly improve the overall business climate for the flourishment of start-up ventures. Inderscience Publishers - linking academia, business and industry through research

Title: Business ecosystems and development of start-ups in Albania: a correlational analysis

Authors: Valbona Mehmeti; Bajram Korsita; Erisa Musabelli

Addresses: Department of Management, Aleksander Moisiu University of Durres, Albania ' Department of Management, Aleksander Moisiu University of Durres, Albania ' Department of Management, Aleksander Moisiu University of Durres, Albania

Abstract: The study presented in this article shows that there is a strong positive correlation between the business ecosystem favourable to start-ups and the greater number of active start-ups striving for success. The research focuses on the start-up business ecosystem of Albania and the number of active start-ups in the country. The data collected in the form of time-series datasets relates to the start-up business ecosystem rankings, innovation capacities rankings, and the total number of active start-ups of Albania, Estonia, and Lithuania. In order to reach its intended conclusion, the correlational analysis is applied to two groups of variables for each country: the start-up business ecosystem rankings and innovation capacities rankings on the one hand and the total number of active start-ups on the other hand. The conclusion reached clearly points to the necessity for Albania to greatly improve the overall business climate for the flourishment of start-up ventures.

Keywords: start-ups; start-up ecosystems; innovation; correlational analysis; Albania.

DOI: 10.1504/IJEBR.2025.144738

International Journal of Economics and Business Research, 2025 Vol.29 No.9, pp.1 - 12

Received: 30 Jun 2024
Accepted: 14 Jan 2025
Published online: 28 Feb 2025 *

Title: Business ecosystems and development of start-ups in Albania: a correlational analysis

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