The Impact of Refugee Startups on Host Country Economies: Business Models and Economic Adaptation

Oleh Kolodiziev, Andrii Gukaliuk, Valeriia Shcherbak, Tetiana Riabovolyk, Ilona Androshchuk and Yaryna Pas

Economic Studies journal, 2024, issue 2, 175-201

Abstract: The current global economic landscape is characterized by turbulence and crises, such as the Covid-19 pandemic and military conflicts, which have disrupted the development of innovative startups. In this context, it becomes essential to explore how refugee startups influence the economies of host countries and facilitate their adaptation to specific conditions. This article aims to examine the most suitable and optimal business models for such startups, the industries they predominantly operate in, their overall impact on economic growth, and the potential for cross-border collaboration among refugee entrepreneurs. Additionally, the article intends to analyze the relevance of existing financing models for startup sustainability and explore innovative methods and instruments that can effectively address the challenges faced by refugee startups. By investigating the alignment between financing models and the current economic state, this study provides valuable insights for fostering economic recovery and development in regions hosting refugee populations. In summary, this analysis offers insights into the impacts of refugee startups on host economies, focusing on their suitability and impact on economic growth, the relevance of financing models in sustaining these startups, and the potential for cross-border collaboration among refugee entrepreneurs.

JEL-codes: D25 G11 M13 (search for similar items in EconPapers)
Date: 2024
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