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Competitiveness and entrepreneurship rate in Europe during the economic recovery phase, 2012–2016

Author

Listed:
  • Fernando Crecente-Romero

    (University of Alcalá)

  • Mónica Giménez-Baldazo

    (University of Alcalá)

  • María Teresa Val-Núñez

    (University of Alcalá)

Abstract

Entrepreneurship is key for regional economic development. Regions can offer conditions that promote or limit business innovation activity. As the World Economic Forum points out, promotion and entrepreneurship support have been key factors for European countries to recover lost competitiveness. This study analyzes countries’ competitiveness level during the economic recovery phase using data from the Global Entrepreneurship Monitor (GEM) and the Word Economic Forum Report for the 2012–2016 period. The sample comprises 19 countries of the European Union. The independent variable is Total Entrepreneurship Activity rate (TEA) and the dependent variables are the 12 pillars that measure competitiveness in the GEC Index. The results show that, over time, the macroeconomic environment conditions necessity entrepreneurship but, when the economy recovers, innovation determines the appearance of opportunity entrepreneurship. Differences between countries are less significant regarding entrepreneurial activity and competitiveness; however, patterns for northern and southern Europe still differ.

Suggested Citation

  • Fernando Crecente-Romero & Mónica Giménez-Baldazo & María Teresa Val-Núñez, 2019. "Competitiveness and entrepreneurship rate in Europe during the economic recovery phase, 2012–2016," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 455-470, June.
    • Handle: RePEc:spr:intemj:v:15:y:2019:i:2:d:10.1007_s11365-019-00572-x
    DOI: 10.1007/s11365-019-00572-x
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