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Entrepreneurial ecosystems and economic resilience at local level

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  • Donato Iacobucci
  • Francesco Perugini

Abstract

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.

Suggested Citation

  • Donato Iacobucci & Francesco Perugini, 2021. "Entrepreneurial ecosystems and economic resilience at local level," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 33(9-10), pages 689-716, October.
    • Handle: RePEc:taf:entreg:v:33:y:2021:i:9-10:p:689-716
    DOI: 10.1080/08985626.2021.1888318
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    Cited by:

    1. Irene Bertschek & Joern Block & Alexander S. Kritikos & Caroline Stiel, 2024. "German financial state aid during Covid-19 pandemic: Higher impact among digitalized self-employed," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 76-97, January.
    2. Khurana, Indu & Dutta, Dev K. & Singh Ghura, Amarpreet, 2022. "SMEs and digital transformation during a crisis: The emergence of resilience as a second-order dynamic capability in an entrepreneurial ecosystem," Journal of Business Research, Elsevier, vol. 150(C), pages 623-641.
    3. Rosado-Cubero, Ana & Hernández, Adolfo & Blanco Jiménez, Francisco José & Freire-Rubio, Teresa, 2023. "Promotion of entrepreneurship through business incubators: Regional analysis in Spain," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    4. Hans Rawhouser & Silvio Vismara & Nir Kshetri, 2024. "Blockchain and vulnerable entrepreneurial ecosystems," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 36(1-2), pages 10-35, January.
    5. Li Pengfei & Turkina Ekaterina & Van Assche Ari, 2022. "The Tortoise and the Hare: Industry Clockspeed and Resilience of Production and Knowledge Networks in Montréal’s Aerospace Industry," ZFW – Advances in Economic Geography, De Gruyter, vol. 66(2), pages 81-95, July.
    6. Ghada Talat Alhothali & Haya Al-Dajani, 2022. "Emotions and Resilience in Saudi Women’s Digital Entrepreneurship during the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(14), pages 1-20, July.
    7. Quoc Hoang Thai & Khuong Ngoc Mai & Tung Thanh Do, 2023. "An Evolution of Entrepreneurial Ecosystem Studies: A Systematic Literature Review and Future Research Agenda," SAGE Open, , vol. 13(1), pages 21582440231, March.
    8. Zwolinksa-Ligaj, Magdalena Anna & Guzal-Dec, Danuta Jolanta, 2023. "Cooperative Links Between Business in the Context of Local System Resilience. A Case Study of Poland's Peripheral Regions," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2023(1).
    9. Silva, Pedro Mendonça & Moutinho, Victor Ferreira & Moreira, António Carrizo, 2022. "Do social and economic factors affect the technical efficiency in entrepreneurship activities? Evidence from European countries using a two-stage DEA model," Socio-Economic Planning Sciences, Elsevier, vol. 82(PB).
    10. Patel, Pankaj C., 2024. "Nurturing neighborhoods, cultivating local businesses: The effects of amenities-to-infrastructure spending on new business licenses in Chicago's wards," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    11. Jeffrey Muldoon & Younggeun Lee & Eric W. Liguori & Saumyaranjan Sahoo & Satish Kumar, 2024. "Mapping the entrepreneurship ecosystem scholarship: current state and future directions," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 3035-3080, December.
    12. Leonardo Mazzoni & Massimo Riccaboni & Erik Stam, 2024. "Entrepreneurial Ecosystems and Interregional Flows of Entrepreneurial Talent," Papers in Evolutionary Economic Geography (PEEG) 2426, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2024.
    13. Weilong Wang & Jianlong Wang & Shaersaikai Wulaer & Bing Chen & Xiaodong Yang, 2021. "The Effect of Innovative Entrepreneurial Vitality on Economic Resilience Based on a Spatial Perspective: Economic Policy Uncertainty as a Moderating Variable," Sustainability, MDPI, vol. 13(19), pages 1-23, September.
    14. Ganotakis, Panagiotis & Angelidou, Sofia & Saridakis, Charalampos & Piperopoulos, Panagiotis & Dindial, Miguel, 2023. "Innovation, digital technologies, and sales growth during exogenous shocks," Technological Forecasting and Social Change, Elsevier, vol. 193(C).
    15. Magdalena Anna Zwolińska-Ligaj & Danuta Jolanta Guzal-Dec, 2024. "Rural Area Resilience during the COVID-19 Pandemic as Exemplified by Urban–Rural Communes in Poland," Sustainability, MDPI, vol. 16(12), pages 1-21, June.
    16. Zhao, Xin & Xu, Yong & Vasa, László & Shahzad, Umer, 2023. "Entrepreneurial ecosystem and urban innovation: Contextual findings in the lens of sustainable development from China," Technological Forecasting and Social Change, Elsevier, vol. 191(C).

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