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

Author

Listed:
  • Oleh Kolodiziev
  • Andrii Gukaliuk
  • Valeriia Shcherbak
  • Tetiana Riabovolyk
  • Ilona Androshchuk
  • Yaryna Pas

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.

Suggested Citation

  • Oleh Kolodiziev & Andrii Gukaliuk & Valeriia Shcherbak & Tetiana Riabovolyk & Ilona Androshchuk & Yaryna Pas, 2024. "The Impact of Refugee Startups on Host Country Economies: Business Models and Economic Adaptation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 175-201.
    • Handle: RePEc:bas:econst:y:2024:i:2:p:175-201
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D25 - Microeconomics - - Production and Organizations - - - Intertemporal Firm Choice: Investment, Capacity, and Financing
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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