IDEAS home Printed from https://ideas.repec.org/a/spr/eurasi/v15y2025i1d10.1007_s40821-025-00296-9.html
   My bibliography  Save this article

New England’s Pinnacle: fostering quality entrepreneurial ecosystems

Author

Listed:
  • Alejandro Almeida

    (University of Extremadura)

  • Antonio A. Golpe

    (University of Huelva)

  • Juan Manuel Martín-Álvarez

    (Universidad Internacional de La Rioja)

  • Jose Carlos Vides

    (University of Seville)

Abstract

This paper has assessed the dynamics of entrepreneurial ecosystems across the US states. To do this, we have used the Startup Formation Rate (SFR) and the Entrepreneurial Quality Index (EQI) from a novel data set called the Startup Cartography Project, which spans from 1988 to 2014. For this purpose, we have applied the Phillips and Sul (Econometrica 75:1771–1855, 2007, Econometrics 24:1153–1185, 2009)’s club clustering algorithm in order to identify the existence of absolute or regional convergence. Our results suggest the existence of two and three clubs convergence, respectively. More importantly, when attending EQI, California and Massachusetts form a club, which is evidence of the importance of quality entrepreneurship over quantity. Furthermore, from a geographical point of view, SFR clubs show a scattered distribution throughout the national territory, while the EQI clubs are more homogeneous. In this sense, we apply the Local Moran I test to the EQI club that is formed by California and Massachusetts to analyze the possible spillover effects of these states, to their neighbours. Finally, this gives valuable information for designing entrepreneur policies at different levels.

Suggested Citation

  • Alejandro Almeida & Antonio A. Golpe & Juan Manuel Martín-Álvarez & Jose Carlos Vides, 2025. "New England’s Pinnacle: fostering quality entrepreneurial ecosystems," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 15(1), pages 243-271, March.
    • Handle: RePEc:spr:eurasi:v:15:y:2025:i:1:d:10.1007_s40821-025-00296-9
    DOI: 10.1007/s40821-025-00296-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s40821-025-00296-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s40821-025-00296-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurasi:v:15:y:2025:i:1:d:10.1007_s40821-025-00296-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.