Entrepreneurial Factors Influencing Recovery from Covid-19: A Country-Level Analysis

Entrepreneurial Factors Influencing Recovery from Covid-19: A Country-Level Analysis

This study examines the impact of entrepreneurship ecosystem factors on the recovery of entrepreneurship from the COVID-19 pandemic and offers valuable insights to drive growth. By analyzing the Serbian dataset from the Global Entrepreneurship Monitor National Expert Survey in 2022, the study employ...

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Bibliographic Details
Published in:Tehnički vjesnik Vol. 30; no. 6; pp. 1880 - 1887
Main Authors: Graic, Igor, Marjanovic, Ugljesa, Grozdic, Vukasin, Lalic, Danijela Ciric, Lalic, Bojan
Format: Journal Article Paper
Language:English
Published: Slavonski Baod University of Osijek 01-12-2023
Josipa Jurja Strossmayer University of Osijek
Strojarski fakultet u Slavonskom Brodu; Fakultet elektrotehnike, računarstva i informacijskih tehnologija Osijek; Građevinski i arhitektonski fakultet Osijek
Faculty of Mechanical Engineering in Slavonski Brod, Faculty of Electrical Engineering in Osijek, Faculty of Civil Engineering in Osijek
Subjects:
COVID-19
Data recovery
Demographics
Economic development
Ecosystems
Entrepreneurs
Entrepreneurship
Epidemics
GEM
Impact analysis
NES
Pandemics
Regression analysis
SDG
Serbia
Surveys
Sustainable development
Serbia
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Summary:This study examines the impact of entrepreneurship ecosystem factors on the recovery of entrepreneurship from the COVID-19 pandemic and offers valuable insights to drive growth. By analyzing the Serbian dataset from the Global Entrepreneurship Monitor National Expert Survey in 2022, the study employs linear regression analysis to investigate the relationship between Entrepreneurial Framework Conditions and post-pandemic recovery. Data were collected through interviews with 40 experts representing the government, academia, and industry. The National Entrepreneurship Context Index score for Serbia's entrepreneurial environment quality in 2022 is 4.6 which positions Serbia in the middle of the continuum of included country scores. The results of the analysis have shown that Market openness ([beta] = .474; p < .01) and Achieving the UN Sustainable Economic Development Goals ([beta] = .460; p < .01) have a direct positive impact on the recovery of entrepreneurs from the consequences of COVID-19. The limitations of the study are related to the demographics of the sample, self-reported data, geographic scope, focusing only on the Republic of Serbia, cross-sectional design that does not capture the dynamic and evolving nature of the recovery process. Given these limitations, future work could incorporate a more diverse sample to enhance the generalizability of the findings.This research provides important insights and policy recommendations to leverage entrepreneurial practices for economic recovery following the impact of the COVID-19 pandemic.
Bibliography:309237
ISSN:1330-3651
1848-6339
DOI:10.17559/TV-20230411000524