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The examination of the regional level entrepreneurship: The Spanish case

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  • László Szerb

    ()

  • Raquel Ortega-Argilés
  • Zoltán Ãcs
  • Alicia Coduras

Abstract

The purpose of this paper is to contribute to our understanding of regional economic development by constructing a regional entrepreneurship index that captures the essence of the contextual features of entrepreneurship and fills a gap in the measurement of economic and social development in the cases where high heterogeneity is found in the entrepreneurial climate between countries and regions. This paper builds on Acs and Szerb (2011) and aims to provide a regional application of the Global Entrepreneurship and Development Index (GEDI). Originally the GEDI has been developed to measure national level of entrepreneurship. The GEDI refers to the contextual feature of entrepreneurship by focusing on the twelve pillars of entrepreneurial attitudes, entrepreneurial action and entrepreneurial aspirations. The country level index construction integrates 31 variables, 16 from the GEM (Global Entrepreneurship Monitor data) adult population survey, and 15 from other data sources, into 14 pillars, three sub indexes and a ‘super index’. One of the most important finding of Acs and Szerb (2011) is that the relationship between entrepreneurship and economic development appears to be mildly S-shaped. The model has important implications for development policy. The regional application of the GEDI is relatively straightforward, since the GEM related individual variables are available in regional levels for a few countries, including Spain. The key element of the regional entrepreneurship index construction is to find regional level institutional data that are available also in the country level. Out of the 15 institutional variables we apply for the entrepreneurship index construction 10 are available in the NUTS-2 regional levels that is the same or very similar to the country level variables. Because of the lack of the remaining four pillars we used the Spanish country level variables. While the overall regional level entrepreneurship and development index for the Spanish regions are calculated as benchmarking the country level pillars the analysis focuses on comparing 17 Spanish autonomous regions. This paper provides tailor-made entrepreneurship policy suggestions for the different autonomous Spanish regions by showing the relatively weak and strong points of their entrepreneurial climate. For an optimum configuration of a public policy to improve entrepreneurship we suggest different levels of public policy as national, multi- and single levels depending on the deviation of a particular pillar from the best benchmarking value and on how many regions are affected by the weakness of a particular pillar. Key Words: Entrepreneurship, Regional Development, Regional Policy JEL: L26, R11, R58

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Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa12p781.

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Date of creation: Oct 2012
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Handle: RePEc:wiw:wiwrsa:ersa12p781

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  1. Zoltán Ács & Attila Varga, 2005. "Entrepreneurship, Agglomeration and Technological Change," Small Business Economics, Springer, Springer, vol. 24(3), pages 323-334, 02.
  2. Daron Acemoglu & Simon Johnson, 2003. "Unbundling Institutions," NBER Working Papers 9934, National Bureau of Economic Research, Inc.
  3. Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, American Economic Association, vol. 91(1), pages 1-32, March.
  4. Bernard, A. & Wagner, J., 1996. "Exports and Success in German Manufacturing," Working papers, Massachusetts Institute of Technology (MIT), Department of Economics 96-10, Massachusetts Institute of Technology (MIT), Department of Economics.
  5. Michael Fritsch & Pamela Mueller, 2007. "The persistence of regional new business formation-activity over time – assessing the potential of policy promotion programs," Journal of Evolutionary Economics, Springer, Springer, vol. 17(3), pages 299-315, June.
  6. Rolf Sternberg & Sander Wennekers, 2005. "Determinants and Effects of New Business Creation Using Global Entrepreneurship Monitor Data," Small Business Economics, Springer, Springer, vol. 24(3), pages 193-203, 01.
  7. Baumol, William J, 1990. "Entrepreneurship: Productive, Unproductive, and Destructive," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 98(5), pages 893-921, October.
  8. Steven Klepper, 2010. "The Origin and Growth of Industry Clusters: The Making of Silicon Valley and Detroit," NBER Chapters, National Bureau of Economic Research, Inc, in: Cities and Entrepreneurship National Bureau of Economic Research, Inc.
  9. Gerben Panne, 2004. "Agglomeration externalities: Marshall versus Jacobs," Journal of Evolutionary Economics, Springer, Springer, vol. 14(5), pages 593-604, December.
  10. Oughton, Christine & Landabaso, Mikel & Morgan, Kevin, 2002. " The Regional Innovation Paradox: Innovation Policy and Industrial Policy," The Journal of Technology Transfer, Springer, Springer, vol. 27(1), pages 97-110, January.
  11. Antonio Golpe & Andre van Stel, 2007. "Self-Employment and Unemployment in Spanish Regions in the Period 1979-2001," Jena Economic Research Papers, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics 2007-021, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
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