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Governmental Support for Entrepreneurship in Spain: An Institutional Approach

Author

Listed:
  • Sebastian Aparicio

    (Universitat Autònoma de Barcelona)

  • David Audretsch

    (Indiana University)

  • David Urbano

    (Universitat Autònoma de Barcelona)

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.

Suggested Citation

  • Sebastian Aparicio & David Audretsch & David Urbano, 2022. "Governmental Support for Entrepreneurship in Spain: An Institutional Approach," Hacienda Pública Española / Review of Public Economics, IEF, vol. 243(4), pages 29-49, December.
    • Handle: RePEc:hpe:journl:y:2022:v:243:i:4:p:29-49
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    References listed on IDEAS

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    More about this item

    Keywords

    Entrepreneurship; Formal institutions; Governmental policies; Public sector; Universities.;
    All these keywords.

    JEL classification:

    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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