How the Pandemic Crisis May Affect Economic Systems: A Study on the Nexus Between COVID-19 and Entrepreneurial Activities

Shahla Jahangard (), Ebrahim Bonyadi (), Lida Sarreshtehdari () and Nezameddin Faghih
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Shahla Jahangard: Department of Statistical Science, George Mason University
Ebrahim Bonyadi: School of Mathematics, Statistics, and Computer Science, University of Tehran
Lida Sarreshtehdari: Faculty of Entrepreneurship, University of Tehran
Nezameddin Faghih: UNESCO

A chapter in Biopolitics and Shock Economy of COVID-19, 2023, pp 239-256 from Springer

Abstract: Abstract The world has experienced several great crises that have had a significant economic impact. The global crisis of the COVID-19 pandemic has affected economies and production chains, harming millions of businesses and entrepreneurs. Economic resilience, an ability to adapt to change and responsiveness to exogenous shocks, is a scientific strategy in the business and economy sectors to analyze and deal with these crises. Undoubtedly, entrepreneurship is one of the important factors influencing the economy as a striking pillar of economic resilience. This study tries to identify factors for enhancing economic resilience that will help countries to be more viable when encountering exogenous or indigenous crises. In this study, the impact of some entrepreneurship indicators, which have been created by applying the Global Entrepreneurship Monitor (GEM) dataset, on the economic resilience index has been examined. Then, based on regression analysis, it was shown that some entrepreneurial indicators, such as the rate of total early-stage entrepreneurial activities (TEA), the rate of established business ownership (EB), the rate of entrepreneurship intention, and the rate of entrepreneurial innovation, can be useful in estimating and scrutinizing the global resilience index. Following this indirect method, the optimal range of some entrepreneurial indicators for achieving the maximum amount of economic resilience was determined.

Keywords: Global Entrepreneurship Monitor (GEM); Economic resilience; COVID-19; Total early-stage entrepreneurial activities (TEA); Established business ownership (EB); Entrepreneurship intention; Entrepreneurship innovation (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-27886-0_9

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DOI: 10.1007/978-3-031-27886-0_9

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