Impact of Entrepreneurship on Sustainable Development in Emerging Markets under the Conditions of COVID-19

Maja Ivanović-Đukić


University of Niš, Faculty of Economics, Trg kralja Aleksandra Ujedinitelja 11, 18000 Niš, Serbia (Serbia)
https://orcid.org/0000-0002-0547-7209

Tamara Rađenović


University of Niš, Faculty of Occupational Safety, Čarnojevića 10a, 18000 Niš, Serbia (Serbia)
https://orcid.org/0000-0003-1632-7772

Nemanja Veselinović


University of Niš, Faculty of Economics, Trg kralja Aleksandra Ujedinitelja 11, 18000 Niš, Serbia (Serbia)
https://orcid.org/0000-0001-7254-3870

Abstract

This paper investigates the contribution of entrepreneurship to sustainable development and economic growth in emerging markets in the period before and during the COVID-19 pandemic. Additionally, the importance of various measures implemented by entrepreneurs and governments as responses to the changing environment in the COVID-19 pandemic is examined. By employing the data for 20 emerging markets, the findings revealed that only high-growth-expectation entrepreneurship (HEA) had a significant contribution to economic growth before the pandemic, but this relationship became negative during the COVID-19 crisis. Furthermore, this research pointed out that sufficient responses to the COVID-19 pandemic could be a useful instrument to encourage the development of entrepreneurship and revive the economy in the post-COVID period in emerging markets.


Keywords:

COVID-19, sustainable development, economic growth, entrepreneurship, emerging markets

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Published
2022-07-03

Cited by

Ivanović-Đukić, M., Rađenović, T., & Veselinović, N. (2022). Impact of Entrepreneurship on Sustainable Development in Emerging Markets under the Conditions of COVID-19. Problemy Ekorozwoju, 17(2), 47–58. https://doi.org/10.35784/pe.2022.2.06

Authors

Maja Ivanović-Đukić 

University of Niš, Faculty of Economics, Trg kralja Aleksandra Ujedinitelja 11, 18000 Niš, Serbia Serbia
https://orcid.org/0000-0002-0547-7209

Authors

Tamara Rađenović 

University of Niš, Faculty of Occupational Safety, Čarnojevića 10a, 18000 Niš, Serbia Serbia
https://orcid.org/0000-0003-1632-7772

Authors

Nemanja Veselinović 

University of Niš, Faculty of Economics, Trg kralja Aleksandra Ujedinitelja 11, 18000 Niš, Serbia Serbia
https://orcid.org/0000-0001-7254-3870

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