Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries

Ibrahim Krasniqi

doi:doi:10.11648/j.sjbm.20190705.11

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Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries

Ibrahim Krasniqi

Published in Science Journal of Business and Management (Volume 7, Issue 5)

Received: 24 July 2019 Accepted: 16 September 2019 Published: 26 September 2019

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Abstract

The research paper is mainly focusing on analysis and findings about the most suitable regional economic development models in less developed countries. Strategically the research is concentrated to find ways and build an approach toward balanced regional economic development (RED). During research the paper, specifically ifs focused to develop a strategic model for regional economic development in young country used as case study in the paper- Kosovo case. That model should be used to support the business environment as well affecting the overall development of the country through coordinated project management and synergy creation among the communities, local authorities and businesses. The research methodology used shows and mixed-methodological approach including both qualitative and quantitative data collection and appraisal, which included desk review covering existing literature at national and international level, semi-structured interviews with key, group discussions, relevant reports and other related documents. Actual situation in Kosovo regarding regional development suffers in many directions. Policies and strategies actually leave a gap, whilst most of regions and municipalities lack the capacities to create an effective environment for private sector development and job creation. There as well is dissatisfaction among stakeholders regarding the functioning of existing regional development model, structures and processes. The paper aims to establish new model and approach for balanced regional economic development based on balanced distribution of responsibilities between the central and local government levels with clear roles and responsibilities. This model will serve as one stop shop at regions supporting the business development and increasing employability in the country.

Published in	Science Journal of Business and Management (Volume 7, Issue 5)
DOI	10.11648/j.sjbm.20190705.11
Page(s)	95-106
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Regional Economic Development Model, Strategic Management, Businesses Environment, Sustainability

References

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[4]	Roberta Capello, 2009. “Theories: Conceptual Evolution over Fifty Years of Regional Science, Dans Géographie, économie, société 2009/1 (Vol. 11), pages 9 à 21”.
[5]	Carlino, G. A., Chatterjee, S. and Hunt, R. M. 2001, Knowledge Spillovers and the New Economy of Cities, Economic Research Division, Working Paper No. 01-14, Federal Reserve Bank of Philadelphia, PA.
[6]	Riccardo Crescenzi, Andrés Rodríguez-Pose, Michael Storper, 2007, “Journal of Economic Geography”, Volume 7, Issue 6,, Pages 673–709, https://doi.org/10.1093/jeg/lbm030
[7]	Danuta Hubner, European Commission, Brussels, EU Regional Development Strategy, 2016, Brussels.
[8]	EURED Report, 2017, Pristina.
[9]	H. W. Richardson, 1973, “Regional Growth Theory”, London: MacMillan.
[10]	Hirschman, A. O. 1958, “The Strategy of Economic Development”. Yale University Press.
[11]	http://mzhe-ks.net/en/economic-development-and-european-integration
[12]	Kosovo Economic Profile-CIA, 2017.
[13]	Lewis, W. A, 1955, “Theory of Economic Growth”, Homewood, Illinois.
[14]	J. Niskanen, 2007, “The Determinants of Firm Growth in Small and Micro Firms - Evidence on Relationship Lending Effects”, University of Eastern Finland, Finland.
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[21]	Rodriguez-Pose, A. and Fratesi, U. (2004) Between development and social policies: the impact of European Structural Funds in Objective 1 regions, Regional Studies, 38 (1): 97â113.
[22]	Yuill, D. et al. 2008, “New Policy Frameworks, New Policy Approaches: Recent Regional Policy Developments in the EU and Norway”, EoRPA Paper 08/1.

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APA Style

Ibrahim Krasniqi. (2019). Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Science Journal of Business and Management, 7(5), 95-106. https://doi.org/10.11648/j.sjbm.20190705.11

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ACS Style

Ibrahim Krasniqi. Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Sci. J. Bus. Manag. 2019, 7(5), 95-106. doi: 10.11648/j.sjbm.20190705.11

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AMA Style

Ibrahim Krasniqi. Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Sci J Bus Manag. 2019;7(5):95-106. doi: 10.11648/j.sjbm.20190705.11

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@article{10.11648/j.sjbm.20190705.11,
  author = {Ibrahim Krasniqi},
  title = {Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries},
  journal = {Science Journal of Business and Management},
  volume = {7},
  number = {5},
  pages = {95-106},
  doi = {10.11648/j.sjbm.20190705.11},
  url = {https://doi.org/10.11648/j.sjbm.20190705.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20190705.11},
  abstract = {The research paper is mainly focusing on analysis and findings about the most suitable regional economic development models in less developed countries. Strategically the research is concentrated to find ways and build an approach toward balanced regional economic development (RED). During research the paper, specifically ifs focused to develop a strategic model for regional economic development in young country used as case study in the paper- Kosovo case. That model should be used to support the business environment as well affecting the overall development of the country through coordinated project management and synergy creation among the communities, local authorities and businesses. The research methodology used shows and mixed-methodological approach including both qualitative and quantitative data collection and appraisal, which included desk review covering existing literature at national and international level, semi-structured interviews with key, group discussions, relevant reports and other related documents. Actual situation in Kosovo regarding regional development suffers in many directions. Policies and strategies actually leave a gap, whilst most of regions and municipalities lack the capacities to create an effective environment for private sector development and job creation. There as well is dissatisfaction among stakeholders regarding the functioning of existing regional development model, structures and processes. The paper aims to establish new model and approach for balanced regional economic development based on balanced distribution of responsibilities between the central and local government levels with clear roles and responsibilities. This model will serve as one stop shop at regions supporting the business development and increasing employability in the country.},
 year = {2019}
}

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TY  - JOUR
T1  - Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries
AU  - Ibrahim Krasniqi
Y1  - 2019/09/26
PY  - 2019
N1  - https://doi.org/10.11648/j.sjbm.20190705.11
DO  - 10.11648/j.sjbm.20190705.11
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 95
EP  - 106
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20190705.11
AB  - The research paper is mainly focusing on analysis and findings about the most suitable regional economic development models in less developed countries. Strategically the research is concentrated to find ways and build an approach toward balanced regional economic development (RED). During research the paper, specifically ifs focused to develop a strategic model for regional economic development in young country used as case study in the paper- Kosovo case. That model should be used to support the business environment as well affecting the overall development of the country through coordinated project management and synergy creation among the communities, local authorities and businesses. The research methodology used shows and mixed-methodological approach including both qualitative and quantitative data collection and appraisal, which included desk review covering existing literature at national and international level, semi-structured interviews with key, group discussions, relevant reports and other related documents. Actual situation in Kosovo regarding regional development suffers in many directions. Policies and strategies actually leave a gap, whilst most of regions and municipalities lack the capacities to create an effective environment for private sector development and job creation. There as well is dissatisfaction among stakeholders regarding the functioning of existing regional development model, structures and processes. The paper aims to establish new model and approach for balanced regional economic development based on balanced distribution of responsibilities between the central and local government levels with clear roles and responsibilities. This model will serve as one stop shop at regions supporting the business development and increasing employability in the country.
VL  - 7
IS  - 5
ER  -

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Author Information

Ibrahim Krasniqi

Faculty of Business, Haxhi Zeka University, Peja, Kosovo

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Plain Text BibTeX RIS

APA Style

Ibrahim Krasniqi. (2019). Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Science Journal of Business and Management, 7(5), 95-106. https://doi.org/10.11648/j.sjbm.20190705.11

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ACS Style

Ibrahim Krasniqi. Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Sci. J. Bus. Manag. 2019, 7(5), 95-106. doi: 10.11648/j.sjbm.20190705.11

Copy | Download

AMA Style

Ibrahim Krasniqi. Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries. Sci J Bus Manag. 2019;7(5):95-106. doi: 10.11648/j.sjbm.20190705.11

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@article{10.11648/j.sjbm.20190705.11,
  author = {Ibrahim Krasniqi},
  title = {Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries},
  journal = {Science Journal of Business and Management},
  volume = {7},
  number = {5},
  pages = {95-106},
  doi = {10.11648/j.sjbm.20190705.11},
  url = {https://doi.org/10.11648/j.sjbm.20190705.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.sjbm.20190705.11},
  abstract = {The research paper is mainly focusing on analysis and findings about the most suitable regional economic development models in less developed countries. Strategically the research is concentrated to find ways and build an approach toward balanced regional economic development (RED). During research the paper, specifically ifs focused to develop a strategic model for regional economic development in young country used as case study in the paper- Kosovo case. That model should be used to support the business environment as well affecting the overall development of the country through coordinated project management and synergy creation among the communities, local authorities and businesses. The research methodology used shows and mixed-methodological approach including both qualitative and quantitative data collection and appraisal, which included desk review covering existing literature at national and international level, semi-structured interviews with key, group discussions, relevant reports and other related documents. Actual situation in Kosovo regarding regional development suffers in many directions. Policies and strategies actually leave a gap, whilst most of regions and municipalities lack the capacities to create an effective environment for private sector development and job creation. There as well is dissatisfaction among stakeholders regarding the functioning of existing regional development model, structures and processes. The paper aims to establish new model and approach for balanced regional economic development based on balanced distribution of responsibilities between the central and local government levels with clear roles and responsibilities. This model will serve as one stop shop at regions supporting the business development and increasing employability in the country.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Regional Economic Development Model Toward Business Sustainability Support in Less Developed Countries
AU  - Ibrahim Krasniqi
Y1  - 2019/09/26
PY  - 2019
N1  - https://doi.org/10.11648/j.sjbm.20190705.11
DO  - 10.11648/j.sjbm.20190705.11
T2  - Science Journal of Business and Management
JF  - Science Journal of Business and Management
JO  - Science Journal of Business and Management
SP  - 95
EP  - 106
PB  - Science Publishing Group
SN  - 2331-0634
UR  - https://doi.org/10.11648/j.sjbm.20190705.11
AB  - The research paper is mainly focusing on analysis and findings about the most suitable regional economic development models in less developed countries. Strategically the research is concentrated to find ways and build an approach toward balanced regional economic development (RED). During research the paper, specifically ifs focused to develop a strategic model for regional economic development in young country used as case study in the paper- Kosovo case. That model should be used to support the business environment as well affecting the overall development of the country through coordinated project management and synergy creation among the communities, local authorities and businesses. The research methodology used shows and mixed-methodological approach including both qualitative and quantitative data collection and appraisal, which included desk review covering existing literature at national and international level, semi-structured interviews with key, group discussions, relevant reports and other related documents. Actual situation in Kosovo regarding regional development suffers in many directions. Policies and strategies actually leave a gap, whilst most of regions and municipalities lack the capacities to create an effective environment for private sector development and job creation. There as well is dissatisfaction among stakeholders regarding the functioning of existing regional development model, structures and processes. The paper aims to establish new model and approach for balanced regional economic development based on balanced distribution of responsibilities between the central and local government levels with clear roles and responsibilities. This model will serve as one stop shop at regions supporting the business development and increasing employability in the country.
VL  - 7
IS  - 5
ER  -

Copy | Download