Human capital, institutions, and ambitious entrepreneurship during good times and two crises
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- dc.contributor.author Epure, Mircea
- dc.contributor.author Martin-Sanchez, Victor
- dc.contributor.author Aparicio, Sebastian
- dc.contributor.author Urbano, David
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2024-11-14T10:10:15Z
- dc.date.available 2024-11-14T10:10:15Z
- dc.date.issued 2023-10-11
- dc.date.modified 2024-11-14T10:09:10Z
- dc.description.abstract We argue that the positive relationship between pro-market institutions and entrepreneurial growth aspirations is dampened for individuals with general human capital (higher education), but augmented for those with specific human capital (experience in the marketplace). However, during a crisis, the differential effect of pro-market institutions on growth aspirations manifests only for entrepreneurs with specific human capital, with stronger effects than in good economic times. We run our empirical analysis on a dataset of individual- and country-level characteristics during 2005-2020, thus exploiting variation from the Global Financial Crisis and the Covid-19 pandemic. We confirm our predictions and show stronger results for early stage (compared to nascent) entrepreneurs, and potential complementarities between human capital types. Altogether, our work paves the way to institutional adaptive policymaking.
- dc.format.mimetype application/pdf*
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1875
- dc.identifier.citation
- dc.identifier.uri http://hdl.handle.net/10230/68689
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1875
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword pro-market institutions; human capital; growth aspirations; entrepreneurship; crisis
- dc.subject.keyword Finance and Accounting
- dc.title Human capital, institutions, and ambitious entrepreneurship during good times and two crises
- dc.title.alternative
- dc.type info:eu-repo/semantics/workingPaper