A Comparative Analysis of Digital Entrepreneurship via Startups in the South Caucasus and Central Asian Countries

Abstract

This study investigates the impact of digital entrepreneurship on economic growth in the South Caucasus and Central Asian countries, with a particular focus on startup ecosystems. By conducting a comparative analysis, the research examines the current state of digital entrepreneurship, identifies existing challenges, and evaluates each country’s position and advantages within the regional digital entrepreneurship landscape. The study employs an analysis-based approach to assess the effects of digital entrepreneurship on key economic indicators, including GDP, employment, and innovation. Findings reveal that intercountry collaboration is essential to foster regional development, and the establishment of platforms for knowledge exchange, startup promotion, and investment flow between the South Caucasus and Central Asian countries is recommended. The study provides evidence-based insights and strategic recommendations to guide policymakers, entrepreneurs, and academics in enhancing the effectiveness and efficiency of digital entrepreneurship across the region.