Entrepreneurship, Global Competitiveness and Legitimacy

Alicia Blanco-González (), Francisco Díez-Martín and Alberto Prado-Román
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Alicia Blanco-González: Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM)
Francisco Díez-Martín: Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM)
Alberto Prado-Román: Rey Juan Carlos University and European Academy of Management and Business Economics (AEDEM)

Chapter Chapter 4 in New Challenges in Entrepreneurship and Finance, 2015, pp 57-69 from Springer

Abstract: Abstract The purpose of the present research is to further study the relation between Entrepreneurship, Global Competitiveness and Legitimacy of a country. The initial hypothesis is that the higher the rate of entrepreneurship is, the greater the indicators of competitiveness and political legitimacy will be, increasing thus the possibility of economic growth for the country. This relation in Spain is measured using the Global Entrepreneurship Monitor (GEM), the European Social Survey (ESS) of the Union European (EU) and the Global Competitiveness Index (GCI) of the World Economic Forum (WEF) for the period between 2006 and 2012. The results show a decline in the entrepreneurship rate in Spain, which translates into a loss of competitiveness and a considerable decline of political legitimacy, especially regarding acts of justification (confidence in the political system and disappointment with the economy and the institutions). Results also indicate that public-private efforts are necessary to increase the entrepreneurship rate and improve legitimacy that enables Spain to attract investments and improve their position in the rankings that evaluate its competitiveness.

Keywords: Voter Turnout; Nascent Entrepreneur; European Social Survey; Global Entrepreneurship Monitor; World Economic Forum (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-08888-4_4

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DOI: 10.1007/978-3-319-08888-4_4

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