Entrepreneurship and Unemployment: Government Grants and Challenges in a Pandemic Context

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Author(s): Francisco José Mendes Leote (College of Business and Administration, Polytechnic Institute of Setúbal, Portugal), Nuno Miguel Teixeira (Polytechnic Institute of Setúbal, Portugal)and Rosa Galvão (Polytechnic Institute of Setúbal, Portugal)
Copyright: 2021
Pages: 21
Source title: Handbook of Research on Financial Management During Economic Downturn and Recovery
Source Author(s)/Editor(s): Nuno Miguel Teixeira (Center for Research in Business and Administration, School of Business Sciences, Polytechnic Institute of Setúbal, Portugal)and Inês Lisboa (CARME, School of Management and Technology, Polytechnic of Leiria, Portugal)
DOI: 10.4018/978-1-7998-6643-5.ch002

Keywords: Accounting and Finance / Business & Management / Business Science Reference / Economics & Economic Theory

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Abstract

The COVID-19 pandemic is having a very negative economic and social impact on Portugal's economy, with the year 2020 expected to represent the largest economic recession since the 1970s. According to the Bank of Portugal forecasts, employment is expected to fall significantly, with the unemployment rate estimated at around 10%, with a special focus on young graduates. Simultaneously, several research papers have revealed the importance of entrepreneurship in job creation and economic development, highlighting the role of entrepreneurial ecosystems and government support for creating successful businesses. In this sense, this study has as its main objective to characterize a support program to the investment of young unemployed entrepreneurs and evidence its potential impact on Portugal's economic growth and social progress.

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Entrepreneurship and Unemployment: Government Grants and Challenges in a Pandemic Context

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