The Effect of Entrepreneurship on Economic Resiliency

Document Type : Original Article

Authors

1 Professor of Economics, Faculty of Social Sciences and Economics, Alzahra University, Tehran, Iran

2 Assistant Professor of Economics, Faculty of Management, Economics and Accounting, University of Hormozgan, Bandarabbas, Iran

3 MA in Entrepreneurship Management, Faculty of Management, Science and Research Branch, Islamic Azad University, Tehran, Iran

Abstract

Increasing the resilience of the economy to internal and external shocks and the ability to recover after their occurrence in today's competitive and challenging world has become one of the policy priorities in different countries to achieve continuous and stable economic growth and development. On the other hand, paving the way for the emergence of creative human ideas and developing an entrepreneurial environment by increasing employment, increasing production and increasing the vitality of society, the ability of the economy to absorb temporary or permanent risks and adapt to rapidly changing conditions. Therefore, the present study by using panel data and generalized method of moments examines the effect of necessity-oriented and opportunistic entrepreneurship on economic resilience in two groups of developing and developed selected countries during the period 2014-2022. The results show that necessity-oriented entrepreneurship had a positive and significant effect on the economic resilience of selected before innovation-driven developing countries and had no significant effect on the economic resilience of innovation-driven developed countries. However, opportunistic entrepreneurship has had a positive and significant effect on the economic resilience of both groups of selected countries, although its estimated coefficient is higher for before innovation-driven developing countries. Other results show that institutions, infrastructure and innovation had a positive and significant effect on the economic resilience of both groups of selected countries.

Keywords

Main Subjects

References

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