The Relationship Between Entrepreneurship and Economic Growth in the Pandemic Crisis

Miguel-Ángel Galindo-Martín (), María-Soledad Castaño-Martínez () and María-Teresa Méndez-Picazo ()
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Miguel-Ángel Galindo-Martín: University of Castilla-La Mancha
María-Soledad Castaño-Martínez: University of Castilla-La Mancha
María-Teresa Méndez-Picazo: University Complutense of Madrid

Chapter Chapter 44 in Advances in Empirical Economic Research, 2023, pp 711-725 from Springer

Abstract: Abstract The pandemic caused by COVID has, among other things, led to a major economic crisis characterized by a significant drop in economic growth, higher unemployment, and reduced welfare. The specialized literature has considered entrepreneurship as a factor that stimulates economic growth in phases of low economic expansion. In this sense, it is worth asking whether this effect also occurs in a situation of serious economic crisis, such as that caused by COVID-19. If in situations of a certain economic stability, the specialized literature shows this positive relationship, it is worth asking whether the positive effect of entrepreneurship on economic growth is also fulfilled in situations in which a major crisis occurs, such as that produced by the pandemic. In addition, in this sense, it is also important to consider the factors that affect entrepreneurial activity. For this, an empirical analysis is carried out considering the cases of 19 OECD countries to analyze the relationship between Nascent Entrepreneurs and economic growth and the factors that stimulate the appearance of these entrepreneurs, which will allow economic policy measures to be designed to stimulate this activity.

Keywords: Nascent entrepreneurship; COVID-19; Economic growth; Institutions; Expectations (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-22749-3_44

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DOI: 10.1007/978-3-031-22749-3_44

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