Keywords
covid-19
Puerto Rico
Global Entrepreneurship Monitor
How to Cite
Abstract
The covid-19 crisis has had a strong impact on entrepreneurship activity worldwide. This exploratory study analyzes the effects of the pandemic in an economy with a particularly low rate of entrepreneurial activity, Puerto Rico, using data from the Global Entrepreneurship Monitor (GEM). The impact here has been very pronounced, both in the indicators of new entrepreneurial activity and in those of business closures. Similarly, the new initiatives respond to a growth in identifying opportunities and a fall in household income. The conclusions point to issues that need to be addressed in future research, to understand if these changes are only circumstantial and the effect of specific public policy measures.
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