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The Relationship Between Entrepreneurship and Economic Growth in the Pandemic Crisis

In: Advances in Empirical Economic Research

Author

Listed:
  • 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)

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.

Suggested Citation

  • Miguel-Ángel Galindo-Martín & María-Soledad Castaño-Martínez & María-Teresa Méndez-Picazo, 2023. "The Relationship Between Entrepreneurship and Economic Growth in the Pandemic Crisis," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Empirical Economic Research, chapter 0, pages 711-725, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-22749-3_44
    DOI: 10.1007/978-3-031-22749-3_44
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