Journal ArticleDOI
Regional systems of entrepreneurship: the nexus of human capital, knowledge and new firm formation
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In this article, a three-phase structural model for regional systems of entrepreneurship was developed and tested based on the absorptive capacity theory of knowledge spillover entrepreneurship that identifies new knowledge as one source of entrepreneurial opportunities and human capital as the major source of expertise.Abstract:
This article focuses on entrepreneurship in economic geography and aims at a systematic investigation of regional variation in knowledge-based entrepreneurial activity. We develop and test a three-phase structural model forregional systems of entrepreneurshipafter introducing a systems approach to entrepreneurship. The model is built upon the absorptive capacity theory of knowledge spillover entrepreneurship that identifies new knowledge as one source of entrepreneurial opportunities and human capital as the major source of entrepreneurial absorptive capacity. Based on data of US metropolitan areas, we find that entrepreneurial absorptive capacity is a critical driving force for knowledge-based entrepreneurial activity. We also find that high technology and cultural diversity contribute to the vibrancy of regional systems of entrepreneurship.read more
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The relational organization of entrepreneurial ecosystems
TL;DR: In this paper, the persistence of high-growth entrepreneurship within regions is explained by a theoretical concept of "Entrepreneurial Ecosystems", which is a popular concept to explain the persistence and resilience of high growth within regions.
Journal ArticleDOI
Entrepreneurial ecosystems in cities: establishing the framework conditions
TL;DR: In this article, the authors focus on regional entrepreneurial ecosystems and offer a complex model of start-ups, Regional Entrepreneurship and Development Index (REDI) and six domains of the entrepreneurial ecosystem (culture, formal institutions, infrastructure and amenities, IT, Melting Pot and demand).
Journal ArticleDOI
Looking inside the spiky bits: a critical review and conceptualisation of entrepreneurial ecosystems
Ross Brown,Colin Mason +1 more
TL;DR: The concept of entrepreneurial ecosystems has quickly established itself as one of the latest ‘fads' in entrepreneurship research as discussed by the authors, however, its lack of specification and conceptual limitations has undoubtedly hindered our understanding of these complex organisms.
Journal ArticleDOI
A critical review of entrepreneurial ecosystems research: towards a future research agenda
Janna Alvedalen,Ron Boschma +1 more
TL;DR: In this paper, the authors make a number of suggestions to take up in future research on entrepreneurial ecosystem (EE) and make a comparative and multi-scalar perspective on the EE literature.
Journal ArticleDOI
Entrepreneurship and entrepreneurial ecosystems
TL;DR: A review of the literature, concepts, and operationalizations of the concept of entrepreneurial ecosystems can be found in this article, where the authors address several specific topics: the choice of scale, universities as ecosystem hubs, and how such ecosystems evolve.
References
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Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.
The mechanics of economic development
Abstract: This paper considers the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development. Three models are considered and compared to evidence: a model emphasizing physical capital accumulation and technological change, a model emphasizing human capital accumulation through schooling, and a model emphasizing specialized human capital accumulation through learning-by-doing.
Journal ArticleDOI
On the mechanics of economic development
TL;DR: In this article, the authors consider the prospects for constructing a neoclassical theory of growth and international trade that is consistent with some of the main features of economic development, and compare three models and compared to evidence.
Book
Capitalism, Socialism and Democracy
TL;DR: In this paper, the authors present a history of the first half of the 20th century, from 1875 to 1914, of the First World War and the Second World War.