The impact of start-ups and scale-ups in the Andalusian economy

Abstract

Although entrepreneurial spirit has traditionally been considered one of the main catalyst of the economy (Kirzner & Seldon, 1980) it has not been until a few years ago that public authorities have made a planned and organized effort to support entrepreneurial initiative (Peña, Guerrero, & González-Pernía, 2015). However, although many millions of euros are invested annually in this support, the effectiveness of this investment is rarely considered in relation with the impact of such entrepreneurial activity (start-up in English) on the economy (Lupiáñez, Priede, & López-Cózar, 2014).