Entrepreneurial ecosystems and economic resilience at local level

The main aim of this paper is to investigate if and to what extent entrepreneurial ecosystems (EE) have an impact on economic resilience at local level. The paper is based on a quantitative analysis for the Italian provinces (NUT-3 level) and presents two novelties: first, it provides a composite in...

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Published inEntrepreneurship and regional development Vol. 33; no. 9-10; pp. 689 - 716
Main Authors Iacobucci, Donato, Perugini, Francesco
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 20.10.2021
Taylor & Francis Ltd
Subjects
Economic shock
Entrepreneurial ecosystem
Provinces
Quantitative analysis
regional policy
Resilience
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Summary:The main aim of this paper is to investigate if and to what extent entrepreneurial ecosystems (EE) have an impact on economic resilience at local level. The paper is based on a quantitative analysis for the Italian provinces (NUT-3 level) and presents two novelties: first, it provides a composite index of EE at local level by capturing the different aspects encompassing political, social, cultural and economic dimensions of an EE; second, it analyzes the role of EE in terms of resistance to and recovery from external shocks. The empirical results show that EE has a relevant role in explaining the resilience of local systems to economic shocks. The positive effect also remains when controlling for the direct impact of new firm formation, thus highlighting that the EE concept has a greater significance for characterizing resilience and entrepreneurial activity at local level than entrepreneurial rates.
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ISSN:0898-5626
1464-5114
DOI:10.1080/08985626.2021.1888318