Youth Entrepreneurship: Motivational Aspects and Economic Effects

Abstract

The article considers the problems of the development of youth entrepreneurship as a factor in ensuring long-term economic growth of the country. The authors substantiate the urgency of drawing close attention to this important strategic resource of the country’s development, replenishing the productive forces of society. The article discribes a brief analysis of theoretical views on this problem and the study of statistical data characterizing the situation with the development of entrepreneurial activity of youth in Russia.The authors focused on the results of research on the motivational aspects of the organization of youth entrepreneurship by the most active segment of youth - university students. The authors pay attention to the factors that contribute to and impede the creation and organization of their own business by the youth. It also looks at how the state supports youth start-ups and encourages young people to be entrepreneurial. The article identifies students’ preferences in the industries in which they wanted to start their own business and shows why they are interested. From the study it seems possible to see that the youth segment of entrepreneurship faces a number of problems, both typical for Russian entrepreneurship, and specific ones. Also, the authors identified factors that hamper the development of youth entrepreneurship in Russia.As a result, the article contains an account of direct and indirect economic effects from the development of youth entrepreneurship in the country. The authors identify key areas for activating the entrepreneurial activity of young people and draw conclusions that the implementation of such areas helps to achieve the main goal - the development of youth entrepreneurship and, consequently, the provision of an innovative way of economic development.