Abstract:

The article is aimed at developing of methods for identifying the impact of Industry 4.0 on entrepreneurship in developed and developing countries. The direction and extent of Industry 4.0 impact on economic growth in different countries were identified. Research methodology was mainly presented by structural modeling as a toolkit for determining the declared interconnections. A “phase pattern” of the country’s economic development sustainability under study to the challenges of Industry 4.0 was formed based on the bifurcation theory. The calculations are based on the integral indicators of the characteristics of Industry 4.0, entrepreneurship and economic growth. These three integral indicators are obtained by summing up the normalized relevant factors using the Euclidean distance method. Based on the retrospective data analysis employing structural equations the following results were obtained: 1) the extent and direction of the impact of Industry 4.0 on entrepreneurship and economic growth depend both on the level of country’s development and on the behavior of the population, business entities and state authorities; 2) Industry 4.0 impact on the stability of business and the national economy is strongly affected by historical stage of country’s development. “Phase patterns” of the development trajectories of different countries (developed using differential equations) confirmed the hypothesis regarding the priority role of the state at the initial stages of the implementation of Industry 4.0. Thus, countries with a well-balanced and well-formed concept of information technology development demonstrate a stable equilibrium of the dynamic system, while countries that neglect Industry 4.0 demonstrate the chaotic motion of the trajectories of economic stability and the lack of a return point to a steady state.