Regional Allocation and Amplification Mechanisms in Entrepreneurship…
Regional Allocation and Amplification Mechanisms in Entrepreneurship
Allocation Mechanisms: What leads to more entrepreneurship in one region versus another? Focused on Quantity (# of enterprises).
Do we measure this as those things that decrease barriers to entry?
Ceteris Paribus: Where do we see similar economic impact from different sized entrepreneurial ecosystems?
On the surface, this seems to be more about creating an environment conducive to entrepreneurship.
Economic Growth: Entrepreneurship is central for sustainable economic growth vis-a-vis innovation (both technological and organizational) and creative destruction.
Political Sustainability: Uneven growth exacerbates political differences between regions. These differences could become untenable given prolonged periods of uneven growth (potential correlation to populism in the US and the UK).
Definition: What kind of entrepreneurship are we wanting to focus on? Any new businesses (a weak definition), or should we focus on only those businesses with a certain economic, technological, social, or environmental impact?
Amplification Mechanisms: What leads entrepreneurship in one region to be more successful? Focused on Quality (profit or impact).
Do we measure this as those things that increase profits? Increase innovation? Decrease inequality?
Certis Paribus: Where do we see similar sized entrepreneurial ecosystems with different economic impact?
On the surface this seems to be more about idiosyncratic factors that drive firm capacity to create impact (economic, social, environmental) or industrial concentration in high-growth sectors.
Resource & Policy Environment
Industrial & Network Dynamics
Firm Decisions & Strategy
How do we standardize entrepreneurial activity (dependent variable)?
See GEM, GEDI
How do we measure the mechanisms (independent variable)?
Venture Capital Investments
What is our level of analysis?
Metro / MSA?
Are these one in the same thing? Logic follows that where entrepreneurship is mre profitable (due to amplification mechanisms) there should naturally be a greater regional quantity of entrepreneurship? In attempting to dis-aggregate the two, does this become a "chicken or the egg" sort of question?
Would the question be better if it were focused on which mechanisms policy-makers should focus on first? Do we (as policy officials) try to increase the number of enterprises or make the existing enterprises more successful?