What is it about?
In short, the effect of entrepreneurship on economic growth is not clear. Above all, it depends on both the typology of entrepreneurship and the level of economic development. Given the gap in the literature, this paper seeks to shed more light on this issue from a conceptual point of view by drawing two development models in which entrepreneurship plays a different role.
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Why is it important?
Given the heterogeneity and plasticity of the concept of entrepreneurship, it is crucial to change the paradigm that has prevailed in some European countries driven by necessity entrepreneurship.
Perspectives
European countries with a similar or higher level of necessity-driven entrepreneurship to Portugal could take advantage of the proposed shift in the entrepreneurial paradigm. This implies countries making changes to policies related to the role of entrepreneurship in their sustainable development, potentially accelerated by EU's 7-year budget and COVID-19 recovery package to minimise the fallout of the COVID-19 pandemic on the economy.
Prof. Gonçalo Rodrigues Brás
Instituto Superior de Gestao e Administracao de Santarem
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This page is a summary of: Contextualising Entrepreneurial Activity, January 2021, IGI Global,
DOI: 10.4018/978-1-7998-6776-0.ch001.
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