Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary

Entrepreneurship brings enormous benefits. It generates employment and helps in social and economic development. Ventures created through the youth entrepreneurship have enormous benefits. They generate employment, reduce poverty and unequitable distribution of wealth. These ventures do also help i...

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Main Author: Syed Zaheer Abbas Kazmi
Format: Article
Language:English
Published: Faculty of Engineering, University of Debrecen 2018-07-01
Series:International Journal of Engineering and Management Sciences
Subjects:
Online Access:https://ojs.lib.unideb.hu/IJEMS/article/view/5060
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author Syed Zaheer Abbas Kazmi
author_facet Syed Zaheer Abbas Kazmi
author_sort Syed Zaheer Abbas Kazmi
collection DOAJ
description Entrepreneurship brings enormous benefits. It generates employment and helps in social and economic development. Ventures created through the youth entrepreneurship have enormous benefits. They generate employment, reduce poverty and unequitable distribution of wealth. These ventures do also help in social, economic and technological development. However, the youth faces several barriers to entrepreneurship. This study explores the personal & psychological, family related, institutional & regulatory, cultural & social, financial and market & knowledge barriers faced by the youth of Hungary and Pakistan. Qualitative research methodology was applied. Interviews at micro and meso levels were conducted from the young entrepreneurs and university professors of Pakistan and Hungary. Results indicate that Pakistan and Hungary have almost similar levels of Personal & Psychological barriers, however, the fear of failure is higher in Hungary than in Pakistan. Family related, cultural & social and market & knowledge barriers are higher in Pakistan for the youth entrepreneurship than Hungary. Institutional & regulatory and financial barriers are at medium levels in Pakistan. For Hungary, these are at low levels. The study has important implications for researchers, academicians, policy makers and for the young aspiring entrepreneurs.
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spelling doaj.art-0c3191d0231341ecb43c33f3cb7e6c692023-10-20T12:58:11ZengFaculty of Engineering, University of DebrecenInternational Journal of Engineering and Management Sciences2498-700X2018-07-013310.21791/IJEMS.2018.3.31.Perceived Barriers to Youth Entrepreneurship in Pakistan and HungarySyed Zaheer Abbas Kazmi0Faculty of Economics and Business, University of Debrecen; Faculty of Management Sciences, National University of Modern Languages Entrepreneurship brings enormous benefits. It generates employment and helps in social and economic development. Ventures created through the youth entrepreneurship have enormous benefits. They generate employment, reduce poverty and unequitable distribution of wealth. These ventures do also help in social, economic and technological development. However, the youth faces several barriers to entrepreneurship. This study explores the personal & psychological, family related, institutional & regulatory, cultural & social, financial and market & knowledge barriers faced by the youth of Hungary and Pakistan. Qualitative research methodology was applied. Interviews at micro and meso levels were conducted from the young entrepreneurs and university professors of Pakistan and Hungary. Results indicate that Pakistan and Hungary have almost similar levels of Personal & Psychological barriers, however, the fear of failure is higher in Hungary than in Pakistan. Family related, cultural & social and market & knowledge barriers are higher in Pakistan for the youth entrepreneurship than Hungary. Institutional & regulatory and financial barriers are at medium levels in Pakistan. For Hungary, these are at low levels. The study has important implications for researchers, academicians, policy makers and for the young aspiring entrepreneurs. https://ojs.lib.unideb.hu/IJEMS/article/view/5060Youth Entrepreneurshipentrepreneurship barriersPakistanHungaryPersonal & PsychologicalSocial & Cultural
spellingShingle Syed Zaheer Abbas Kazmi
Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
International Journal of Engineering and Management Sciences
Youth Entrepreneurship
entrepreneurship barriers
Pakistan
Hungary
Personal & Psychological
Social & Cultural
title Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
title_full Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
title_fullStr Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
title_full_unstemmed Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
title_short Perceived Barriers to Youth Entrepreneurship in Pakistan and Hungary
title_sort perceived barriers to youth entrepreneurship in pakistan and hungary
topic Youth Entrepreneurship
entrepreneurship barriers
Pakistan
Hungary
Personal & Psychological
Social & Cultural
url https://ojs.lib.unideb.hu/IJEMS/article/view/5060
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