Governmental Support for Entrepreneurship in Spain: An Institutional Approach

• Autores: Sebastian Aparicio, David B. Audretsch, David Urbano
• Localización: Hacienda Pública Española / Review of Public Economics, ISSN 0210-1173, Nº 243, 2022 (Ejemplar dedicado a: On understanding the role of the state in innovation and entrepeneurship), págs. 29-50
• Idioma: inglés
• Enlaces
  • Texto completo
• Resumen

  • 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.