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The Nexus between Digitalization, Entrepreneurial Ecosystem Quality, and Economic Resilience: A Cross-Country Analysis during the COVID-19 Pandemic

Author

Listed:
  • Tan, Yeng-May

    (Xiamen University Malaysia)

  • Autio, Erkko

    (Imperial College Business School)

  • Estrada, Gemma

    (Asian Development Bank)

  • Park, Donghyun

    (Asian Development Bank)

  • Uddin, Gazi Salah

    (Linköping University)

Abstract

Information and communication technology or digital technology helped entrepreneurs survive the coronavirus disease (COVID-19) restrictions. For instance, they shifted to online sales in the face of stringent lockdowns and mobility constraints. The enhanced resilience of entrepreneurs, in turn, contributed to the resilience of the broader economy. This study explores the relationship between the quality of a country’s digital entrepreneurial ecosystem, measured by the Global Index of Digital Entrepreneurship Systems (GIDES), and its economic performance during the COVID-19 pandemic. Based on a cross-country analysis of 100 global economies, we find a positive association between GIDES and economic performance during the pandemic. This suggests that the quality of a country’s environment for digital entrepreneurs can strengthen its economic resilience even in the face of major shocks.

Suggested Citation

  • Tan, Yeng-May & Autio, Erkko & Estrada, Gemma & Park, Donghyun & Uddin, Gazi Salah, 2024. "The Nexus between Digitalization, Entrepreneurial Ecosystem Quality, and Economic Resilience: A Cross-Country Analysis during the COVID-19 Pandemic," ADB Economics Working Paper Series 716, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0716
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    More about this item

    Keywords

    digital entrepreneurship; digitalization; entrepreneurial ecosystem; economic resilience; COVID-19; Global Index of Digital Entrepreneurship Systems (GIDES);
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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