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Governmental Support for Entrepreneurship in Spain: An Institutional Approach

Year: 2022

Type: article

Abstract: Institutions have acted as rules of the game influencing entrepreneurship. However, little is known about their complementary function as knowledge generators. Drawing on institutional economics, this paper explores the role of regional governments and universities in creating public support and knowledge conducive to entrepreneurship in Spain. Unbalanced panel data models are applied to 281 observations taken from GEM; Ministry of Economics, Industry, and Competitiveness; and INE in the 2004-2018 period. Findings suggest that formal institutions as R&D expenditure and staff in the public sector and universities positively predict entrepreneurship. In light of these results, theory and policies are discussed.

Source: Revista Hacienda Pública Española

DOI: 10.7866/hpe-rpe.22.4.2

Authors: Universitat Autònoma de Barcelona, Sebastian Aparicio, David Audretsch, David Urbano, Universitat Autònoma de Barcelona

Institutions: Universitat Autònoma de Barcelona, Indiana University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

Funders: Departamento Administrativo de Ciencia, Tecnología e Innovación (COLCIENCIAS), Ministerio de Economía y Competitividad, Institució Catalana de Recerca i Estudis Avançats