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The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)

Author

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  • van Dijk, Jasper
  • Leendertse, Jip
  • Stam, Erik
  • van Rijnsoever, Frank

Abstract

A key hypothesis in the entrepreneurial ecosystem (EE) literature is that a positive relation exists between the quality of EEs and the prevalence of productive entrepreneurship. Recently, Coad and Srhoj (2023) argued that the quality of EEs should also be positively related to the persistence of productive entrepreneurship. However, using two different measures for high-growth firms in regions in Croatia and Slovenia, they found no consistent evidence for the persistence of productive entrepreneurship. This led them to conclude that the EE framework is not valuable for policymakers. We contend that their generalization is incorrect and that their findings are consistent with a further articulation of the EE approach.

Suggested Citation

  • van Dijk, Jasper & Leendertse, Jip & Stam, Erik & van Rijnsoever, Frank, 2025. "The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)," Research Policy, Elsevier, vol. 54(2).
    • Handle: RePEc:eee:respol:v:54:y:2025:i:2:s0048733324002038
    DOI: 10.1016/j.respol.2024.105154
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    Keywords

    Entrepreneurship; Economic change; Economic development; Entrepreneurial ecosystem; Regional persistence; Productive entrepreneurship; High-growth firms;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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