Resilience of entrepreneurship in Mexico. The cases of the economic crises of COVID-19 and subprime

Abstract

The aim of this article was to analyze the resilience of Mexican entrepreneurship in the context of the 2020 and 2008 economic crises. The Hodrick-Prescott cycle and trend decomposition technique were applied to the gross domestic product to determine the period of decline and recovery of economic activity. In addition, indicators of recovery and resistance were calculated on the entrepreneurship to determine the degree of resilience. The results show that entrepreneurship was resilient in approximately 16% of Mexican entities in the health crisis, characterized by significant resistance and recovery, while in the subprime crisis it was 25%.