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The Role of New Venture Formation/Entrepreneurship in Regional Economic Development: A Review

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  • David N. Allen

    (Pennsylvania State University)

  • David J. Hayward

    (Pennsylvania State University)

Abstract

This review essay examines the same phenomena as viewed from two different schools of thought. The two approaches, characterized as the Regional Economics and Entrepreneurship schools, embody distinct fields of research, but have not engaged in intercourse that allows one approach to build upon the other. A first step in overcoming this mutual ignorance is undertaken in this analysis. The conceptual perspectives of the two schools are explored. Discussion proceeds to how empirical analysis is conducted in the two schools. Distinctions are made about units of analysis, research assumptions, research hypotheses, and research designs. An example of a research methodology that could be used by the two schools to examine the same issue is offered. Finally, suggestions are made for synthesizing these two divergent approaches.

Suggested Citation

  • David N. Allen & David J. Hayward, 1990. "The Role of New Venture Formation/Entrepreneurship in Regional Economic Development: A Review," Economic Development Quarterly, , vol. 4(1), pages 55-63, February.
    • Handle: RePEc:sae:ecdequ:v:4:y:1990:i:1:p:55-63
    DOI: 10.1177/089124249000400107
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    Citations

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    Cited by:

    1. Sutaria, Vinod & Hicks, Donald, 2002. "The determinants of new firm formation dynamics," ERSA conference papers ersa02p399, European Regional Science Association.
    2. Erik Stam, 2006. "A process model of locational change in entrpreneurial firms: an evolutionary perspective," Chapters, in: Andreas Pyka & Horst Hanusch (ed.), Applied Evolutionary Economics and the Knowledge-based Economy, chapter 7, Edward Elgar Publishing.
    3. Edward J. Malecki, 1993. "Entrepreneurship in Regional and Local Development," International Regional Science Review, , vol. 16(1-2), pages 119-153, April.
    4. Dandridge, Thomas C. & Falbe, Cecilia M. & Dupuis, E. Melanie, 1993. "Franchising and Rural Economic Development: Perspectives on Possible Effects," Staff Reports 278686, United States Department of Agriculture, Economic Research Service.
    5. repec:rri:wpaper:200504 is not listed on IDEAS
    6. Niels Bosma & Kashifa Suddle & Veronique Schutjens, 2008. "Whither a flat ladscape? Regional differences in Entrepreneurship in the Netherlands," Scales Research Reports H200805, EIM Business and Policy Research.
    7. Amanda Mackloet & Veronique A.J.M. Schutjens & Piet Korteweg, 2006. "Home-Based Business: Exploring the Place Attachment of Entrepreneurs," ERSA conference papers ersa06p694, European Regional Science Association.
    8. David Hughes & Kris Mallory & Mihaela Szabo, 2004. "Factors Influencing Venture Capital Availability in Rural States: Possible Lessons Learned from West Virginia," Working Papers Working Paper 2005-04, Regional Research Institute, West Virginia University.

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