SEBASTIAN APARICIO

"What will ever be remembered was his now century old emphasis on entrepreneurial innovation as a cardinal catalyst for economic progress". About Schumpeter in 'The Harvard-Circle', By P. Samuelson (2015: 34).

Refereed Journal Publications:

[33] Colson, M., Vandekerkhof, P., Marneffe, W., Schepers, J., & Aparicio, S. (2025). Moving beyond the negative effect of the regulation of entry: disentangling causality in new venture creation decisions. Journal of Regulatory Economics. In press, doi: https://doi.org/10.1007/s11149-024-09486-1.

[32] Audretsch, D. B., Aparicio, S., Hughes, M., & Urbano, D. (2025). Linking entrepreneurship and society: solutions for today and tomorrow. International Journal of Entrepreneurial Behavior & Research. In press, doi: https://doi.org/10.1108/IJEBR-08-2024-0864. Accepted Manuscript.

[31] Urbano, D., Aparicio, S., Muñoz-Mora, J. C., & Martinez-Moya, D. (2024). The spatial interplay between productive and destructive entrepreneurship: Do institutions meet expectations in rural areas? Entrepreneurship & Regional Development. In press, Doi: 10.1080/08985626.2024.2389378. Accepted Manuscript.

[30] Aparicio, S., Klofsten, M., Noguera, M., & Urbano, D. (2024). Institutions, social entrepreneurship, and individual economic well-being: an exploratory study. Management Research, 22(4), 510-510. Doi: 10.1108/MRJIAM-10-2023-1472.

[29] Epure, M., Martin-Sanchez, V., Aparicio, S., & Urbano, D. (2024). Human Capital, Institutions, and Ambitious Entrepreneurship During Good Times and Two Crises. Strategic Entrepreneurship Journal, 18(2), 414-447. Doi: 10.1002/sej.1492. Accepted Manuscript.

[28] Rodriguez-Vahos, A., Aparicio, S., & Urbano, D. (2024). Business Acceleration Program as City Sowers: Assessing Public Funding's Impact on New Ventures in an Emerging Economy. Journal of Entrepreneurship in Emerging Economies. Doi: 10.1108/JEEE-08-2023-0333. Accepted Manuscript.

[27] Urbano, D., Aparicio, S., Scott, S., & Martinez-Moya, D. (2024). Inside out: The interplay between institutions and digital technologies for SMEs performance. Entrepreneurship & Regional Development, 36(1-2), 162-181. Accepted Manuscript.

[26] Aparicio, S., Hughes, M., Audretsch, D., & Urbano, D. (2023). Incentivizing knowledge institutions for entrepreneurship and society. International Journal of Entrepreneurial Behavior & Research. In press, doi: https://doi.org/10.1108/IJEBR-07-2022-0652.

[25] Aparicio, S. & Montero, J. (2023). Selection of partners and the outcome of entrepreneurial teams: Should everything stay in the family? Bulletin of Economic Studies (Boletín de Estudios Económicos), 78(234), 93-114. In Spanish

[24] Aparicio, S., Audretsch, D., & Urbano, D. (2022). Governmental Support for Entrepreneurship in Spain: An Institutional Approach. Review of Public Economics/Hacienda Pública Española, 243(4), 29-49.

[23] Muñoz-Mora, J. C., Aparicio,S., Martinez-Moya, D., & Urbano, D. (2022). From immigrants to local entrepreneurs: Understanding the effects of migration on entrepreneurship in a highly informal country. International Journal of Entrepreneurial Behavior & Research, 28(9), 78-103.

[22] Aparicio. S., Audretsch, D., Noguera, M., & Urbano, D. (2022). Can female entrepreneurs boost social mobility in developing countries? An institutional analysis. Technological Forecasting and Social Change, 175, 121401.

[21] Plata, G., Aparicio, S., & Scott, S. (2021). The sum of its parts: Examining the institutional effects on entrepreneurial nodes in extensive innovation ecosystems. Industrial Marketing Management, 99, 136-152. Accepted Manuscript.

[20] Aparicio, S., Audretsch, D., & Urbano, D. (2021). Does entrepreneurship matter for inclusive growth? The role of social progress orientation. Entrepreneurship Research Journal 11(4), 20190308. Accepted Manuscript.

[19] Alwakid, W., Aparicio, S., & Urbano, D. (2021). The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions. International Journal of Environmental Research and Public Health, 18(10), 5433.

[18] Urbano, D., Felix, C., & Aparicio, S. (2021). Informal institutions and leadership behavior in a developing country: A comparison between rural and urban areas. Journal of Business Research, 132, 544-556. Accepted Manuscript.

[17] Aparicio, S., Urbano, D., & Stenholm, P. (2021). Attracting the Entrepreneurial Potential: A Multilevel Institutional Approach. Technological Forecasting and Social Change, 168, 120748.

[16] Aparicio, S., Audretsch, D., & Urbano, D. (2021). Why is export-oriented entrepreneurship more prevalent in some countries than others? Contextual antecedents and economic consequences. Journal of World Business, 56(3), 101177. Accepted Manuscript.

[15] Aparicio, S., Turro, A., & Noguera, M. (2020). Entrepreneurship and Intrapreneurship in Social, Sustainable, and Economic Development: Opportunities and Challenges for Future Research. Sustainability, 12(21), 8958.

[14] Urbano, D., Turro, A., & Aparicio, S. (2020). Innovation through R&D activities in the European context: antecedents and consequences. The Journal of Technology Transfer 45(5), 1481-1504. Accepted Manuscript.

[13] Urbano, D., Audretsch, D., Aparicio, S., & Noguera, M. (2020). Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment. International Entrepreneurship and Management Journal, 16(3), 1065-1099. Accepted Manuscript.

[12] Alwakid, W., Aparicio, S., & Urbano, D. (2020). Cultural antecedents of green entrepreneurship in Saudi Arabia: An institutional approach. Sustainability, 12(9), 3673. Doi: 10.3390/su12093673.

[11] Urbano, D., Aparicio, S., & Audretsch, D. (2019). Twenty-five years of research on institutions, entrepreneurship, and economic growth: What has been learned? Small Business Economics, 53(1), 21-49. Accepted Manuscript.

[10] Aparicio, S., Urbano, D., Audretsch, D., & Noguera, M. (2019). Female and male entrepreneurship during the economic crisis: An institutional tale of European countries. World Economy Review (Revista de Economía Mundial), 51, 163-184.

[9] Felix, C., Aparicio, S., & Urbano, D. (2019). Leadership as a driver of entrepreneurship: An international exploratory study. Journal of Small Business and Enterprise Development, 26(3), 397-420.

[8] Aparicio, S., Urbano, D., & Gomez, D. (2018). Entrepreneurship and regional economic growth in Antioquia: An empirical analysis. Economics and Business Letters, 7 (2), 84-91.

[7] Urbano, D., Aparicio, S., Guerrero, M., Noguera, M., & Torrent-Sellens, J. (2017). Institutional determinants of student employer entrepreneurs at Catalan universities. Technological Forecasting and Social Change, 123, 271-282. Accepted Manuscript.

[6] Urbano, D., Aparicio, S., & Querol, V. (2016). Social progress orientation and innovative entrepreneurship: An international analysis. Journal of Evolutionary Economics, 26(5), 1033-1066. Accepted Manuscript.

[5] Aparicio, S., Urbano, D., & Gómez, D. (2016). The role of innovative entrepreneurship within Colombian business cycle scenarios: A system dynamics approach. Futures, 81, 130-147. Accepted Manuscript.

[4] Aparicio, S., Urbano, D., & Audretsch, D. (2016). Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence. Technological Forecasting and Social Change, 102, 45-61. Accepted Manuscript.

[3] Urbano, D., & Aparicio, S. (2016). Entrepreneurship capital types and economic growth: International evidence. Technological Forecasting and Social Change, 102, 34-44. Accepted Manuscript.

[2] Aparicio, S., Ramírez Hassan, A., & Gómez, D. F. (2013). Selecting occupations to create jobs using discrete choice models: Medellin Metropolitan Area 2009. Estudios Gerenciales Journal of Management and Economics for Iberoamerica, 29(129), 476-484. In Spanish.

[1] Muñoz-Mora, J. C., Aparicio, S., & Mesa, M. (2011). Is the economy a game? Experimental classroom evidence for an introduction to economics course. Ecos de Economía: A Latin American Journal of Applied Economics, 15(33), 185-207. In Spanish.

Books:

[6] Gomez, D., Aparicio, S., & Urbano, D. (2023). Driving Complexity in Economic Development: The Role of Institutions, Entrepreneurship, and Innovation. Cham: Palgrave Macmillan.

[5] Aparicio, S., Turro, A., & Noguera, M. (Eds.) (2021). Entrepreneurship and Intrapreneurship in Social, Sustainable, and Economic Development. Basel: Switzerland, MDPI Books.

[4] Urbano, D., Aparicio, S., & Audretsch, D. B. (2019). Institutions, Entrepreneurship, and Economic Performance. Cham: Switzerland, Springer International Publishing.

[3] Gómez, D.F., Aparicio, S., Urbano, D., González, P.J., Jaramillo, C.H., Montoya, S.A., Montoya, G., Echeverry, J., Restrepo, J.H., Yepes, R., Escobar, J.D., Gallón, L., & Giraldo, J.E. (2015). Medellin's commitment (Una apuesta por Medellín). Medellín: Corporación Universitaria Remington. ISBN: 978-958-58644-1-2. In spanish.

[2] Alvarez, C., Yepes, M., Cano, J. A., Aparicio, S., Cortés, J.A., Holguín, A. M., Vélez, G., Pereira, F., Molina, T., Cano, C. A. & Olaya, A. (2013). Global Entrepreneurship Monitor (GEM). Annual Report Antioquia 2012. Medellín: Fundación ECSIM, ISBN: 978-958-97719-3-8. In Spanish.

[1] Gómez, D., Alvarez, C., Aparicio, S., Podestá, P., Bedoya, B. & Pereira, F. (2011). Global Entrepreneurship Monitor (GEM). Annual Report Medellin 2010. Medellín: Alcaldía de Medellín. In Spanish.

Book Chapters:

[10] Urbano D., Turro A., & Aparicio S. (2021) Antecedents and Consequences of Innovation via R&D in Europe. In: Guerrero M. & Urbano D. (eds), Technology Transfer and Entrepreneurial Innovations. International Studies in Entrepreneurship, vol 51. Springer, Cham. https://doi.org/10.1007/978-3-030-70022-5_7.

[9] Alwakid, W., Aparicio, S., & Urbano, D. (2021). Governmental Supportive Policies for Green Entrepreneurial Activity in Saudi Arabia: An Institutional Analysis. In: Faghih, N. & Samadi, A. H. (Eds.), Legal-Economic Institutions, Entrepreneurship, and Management: Perspectives on the Dynamics of Institutional Change from Emerging Markets. Cham, Springer. Accepted Manuscript.

[8] Aparicio, S., Turro, A., Noguera, M., & Urbano, D. (2021). From entrepreneurial intentions to entrepreneurial behavior: The role of institutional factors. In: Saiz-Álvarez, J. M., Olalla-Caballero, B. (Eds.), Quality Management for Competitive Advantage in Global Markets (pp. 110-135). Hershey: IGI Global. Accepted Manuscript.

[7] Aparicio, S. (2020). Bring your background up and keep the context in mind to choose the right conversation. In: Welter, F. & Urbano, D. (Eds.), How to Make your Doctoral Research Relevant. Insights and Strategies for the Modern Research Environment (pp. 11-12). London: Edward Elgar.

[6] Felix, C., Aparicio, S., & Urbano, D. (2020). Entrepreneurial leadership across countries: The role of informal institutions. In: Saiz-Álvarez, J. M., Leitão, J., & Palma-Ruiz, J. M. (Eds.), Entrepreneurship and Family Business Vitality. Surviving and Flourishing in the Long Term (pp. 67-83). Switzerland: Springer International Publishing. Accepted Manuscript.

[5] Urbano, D., & Aparicio, S. (2019). An Overview of the Economics of Entrepreneurship and Small Business: The Legacy of David Audretsch. In: Lehmann, E. E., & Keilbach, M. (Eds.), From Industrial Organization to Entrepreneurship. A Tribute to David B. Audretsch (pp. 279-306). Switzerland: Springer International Publishing.

[4] Aparicio, S., Felix, C., & Urbano, D. (2018). Informal Institutions and Leadership Behavior: A Cross-Country Analysis. In Göker, S. (Ed.), Leadership (pp. 41-60), London: IntechOpen.

[3] Urbano, D., Aparicio, S., & Noguera, M. (2018). Institutions, Gender, and Entrepreneurship in Latin America. In: Evolving Entrepreneurial Strategies for Self-Sustainability in Vulnerable American Communities. Ed: Luis Javier Sanchez-Barrios, Liyis Gomez-Nunez (pp. 19-41). Hershey: IGI Global. Accepted Manuscript.

[2] Urbano, D., Ferri, E., Peris-Ortiz, M, & Aparicio, S. (2017). Social Entrepreneurship and Institutional Factors: A Literature Review. In: Social Entrepreneurship in Non-Profit and Profit Sectors: Theoretical and Empirical Perspectives. Ed.: Marta Peris-Ortiz, Frédèric Teulon, Dominique Bonet-Fernandez (pp. 9-29). International Studies in Entrepreneurship (Vol. 36), Springer.

[1] Gómez, D., Aparicio, S., & Urbano, D. (2015). The influence of entrepreneurship capital on Antioquia economic growth. In: Medellin's commitment. Ed.: Diego Gómez et al. (pp. 17-43) ISBN: 978-958-58644-1-2. In Spanish.

Proceedings:

[8] Aparicio, S., Urbano, D., & Stenholm, P. (2019). Institutions in Attracting the Entrepreneurial Potential: A Multilevel Approach. Academy of Management Proceedings, 15408. Doi:

10.5465/AMBPP.2019.15408abstract.

[7] Urbano, D., Turro, A., & Aparicio, S. (2017). Antecedents and Consequences of Corporate Manufacturing Entrepreneurship via R&D. Academy of Management Proceedings. Doi: 10.5465/AMBPP.2017.16838abstract.

[6] Aparicio, S., Zuluaga, M., & Duque, S. (2013). Economic growth of Colombia and Antioquia. A look of key sectors through system dynamics. In: Proceedings of the 11th Latin American System Dynamics Conference. Ed. Gloria Pérez and Roberto Villaseñor. ISBN: 978-607-501-252-0. In Spanish.

[5] Aparicio, S., Zuluaga, M., & Duque, S. (2013). Antioquia economic growth simulations with system dynamics. In: The diversity's display and the unit of System Dynamics. Proceedings of the 11th Colombian System Dynamics Meeting. Ed.: Hugo Andrade. ISBN: 978-958-46-31596. In Spanish.

[4] Aparicio S., Yepes, R., & Giraldo, J. (2012). Divergent Development: A look under the related Science, Technology and Innovation, and sustainable development. In: Proceedings of the 3rd International Conference of Technology Management and Innovation, 2012: Competitiveness in the open markets. Ed.: Jorge Robledo, Alejandro Olaya, Alejandro Cuadros y Gabriel Awad, ISBN: 978-958-764-042-7. In Spanish.

[3] Yepes, R., Aparicio, S., & Ramírez, C. (2012). Externalization of R&D as practices of world class enterprises”. In: Proceedings of the 3rd International Conference of Technology Management and Innovation, 2012: Competitiveness in the open markets. Ed.: Jorge Robledo, Alejandro Olaya, Alejandro Cuadros y Gabriel Awad, ISBN: 978-958-764-042-7. In Spanish.

[2] Gómez, D., Aparicio, S. & Zuluaga, M. (2011). Evaluation of entrepreneurship policies such a solution of poverty in Medellín. A system dynamics approach. In: System Dynamics for the effective decision making and the strategic analysis of problems. Proceedings of the 8th Latin American System Dynamics Conference and 8th Colombian System Dynamics Meeting. Ed.: Sandra María López Muriel, ISBN: 978-958-696-874-4. In Spanish.

[1] Gómez, D. & Aparicio, S. (2011). Colombian economic growth simulations with system dynamics. In: System Dynamics for the effective decision making and the strategy analysis of problems. Proceedings of the 8th Latin American System Dynamics Conference and 8th Colombian System Dynamics Meeting. Ed.: Sandra María López Muriel, ISBN: 978-958-696-874-4. In Spanish.

Non-Refereed Publications (Transfer Activities):

[11] Epure, M., Martin-Sanchez, V., Aparicio, S., & Urbano, D. (2024). How Do Human Capital And Pro-Market Institutions Shape Ambitious Entrepreneurship In Good And Crisis Times? Strategic Management Explorer.

[10] Aparicio, S. (2020). The power of entrepreneurship. Impact Maganize No. 8, pp. 10-12, Durham University, UK.

[9] Aparicio, S. (2020). Can innovative entrepreneurs within firms help overcome the valley of death? Impact Magazine No. 7, pp. 20-21, Durham University, UK.

[8] Aparicio, S. (2019). Leadership and Entrepreneurship in a Turbulent World. Impact Magazine No. 5, pp. 6-7, Durham University, UK.

[7] Aparicio, S., & Yepes, R. (2011). Entrepreneurship: A factor to avoid or overcome crisis periods, and to generate development. El Informador, 366, 4. ISSN 2027-2715. In Spanish.

[6] Gómez, D. F. & Aparicio, S. (2010). Entrepreneurship and innovation: social and economic transformation keys. Revista Universidad Empresa Estado, 3(5), 63-65. In Spanish.

[5] Aparicio, S. (2009). The new economic geography. Oikos, 22. ISSN 0121-070x-22. In Spanish.

[4] Aparicio, S. (2008). The Metro-Dependency. El Punto Crítico, Economic Sciences Faculty Newspaper, June, Universidad de Antioquia.

[3] Aparicio, S., & Muñoz, Y. (2007). The economics of happiness. Oikos, 21. ISSN 0121-070x-22. In Spanish.

[2] “Raising the employment and pay of the working poor: Low-Wage Employment Subsidies versus the Welfare State” (original paper by Edmunds Phelps, spanish translation with Juan Diego Giraldo and Everto Pallares) (2007). Oikos, 21. In Spanish.

[1] Aparicio, S., & Vergara, R. (2006). Systemic economics. Oikos, 20. ISSN 0121-070x-22. In Spanish.

Policy Reports:

[5] Gómez, D., Echavarría, J. J., Giraldo, J. E., Aparicio, S., et al. (2015). Structuring a Municipal strategy to better use of Free Trade Agreement: Building a model to assess Antioquia's export success and internationalization. Cámara de Comercio de Medellín para Antioquia. In Spanish.

[4] Aparicio, S., Giraldo, J. E., Ramírez, C., & Ramírez, L. F. (2014). Conditioning factors of child labor in Bogota, Cali, Medellin, Barranquilla, Cartagena and Ibague. A quantitative and qualitative analysis. Documentos Fundación Telefónica. República de Colombia. In Spanish.

[3] Aparicio, S., Giraldo, J. E., Ramírez, C., & Ramírez, L. F. (2013). Intragroup analysis of child labor in Colombia: a pilot qualitative and quantitative exercise. Observatorio del Bienestar de la Niñez, 10, ICBF, República de Colombia. In Spanish.

[2] Vélez, L. G. et al. (2013). Analyzing the impact of regulation and productive structures and industrial electric power sector, at all stages of the production chain, the final level of the rates and prices of electricity service and international competitiveness in the Colombian economy. Documentos PTP. República de Colombia. In Spanish.

[1] Gómez, D., Giraldo, J., Aparicio, S., Ramírez, C. & Petro, M. (2010). Child Labour: School attendance versus children and youth employment in the main cities of Colombia. Road to poverty?. Bogotá D. C.: Fundación Telefónica. In Spanish.

Other Publications:

[1] Aparicio, S. (2010). Business creation and its effects on economic development: application of a system dynamics model for testing business promotion policies in Colombia. Thesis of undergraduate in Economics, Departamento de Economía, Facultad de Ciencias Económicas, Universidad de Antioquia. In Spanish.