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Entrepreneurial Ecosystem Mechanisms

Author

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  • Bernd Wurth
  • Erik Stam
  • Ben Spigel

Abstract

Entrepreneurial ecosystems have developed from a powerful idea and concept into a transdisciplinary research program, increasing our understanding into entrepreneurship-led development and providing actionable knowledge for improving the conditions for entrepreneurship and development. In this monograph we take stock of the progress to date and synthesize the findings of 181 empirical scientific entrepreneurial ecosystem studies through a systematic literature review. We organize the review around five key mechanisms that explain the nature and development of entrepreneurial ecosystems: (1) interdependence of its elements, (2) upward causation explaining entrepreneurial ecosystem outputs and (3) outcomes, (4) downward causation and path dependence, and (5) inter-ecosystem links. We summarize the findings and outline opportunities for research and discuss policy implications in the light of a transdisciplinary entrepreneurial ecosystem research program. This monograph is of interest for scholars of all academic disciplines that provide knowledge that is relevant for the understanding of entrepreneurial ecosystems, entrepreneurship and entrepreneurship-led development, but also for all stakeholders involved in the development of entrepreneurial ecosystems.

Suggested Citation

  • Bernd Wurth & Erik Stam & Ben Spigel, 2023. "Entrepreneurial Ecosystem Mechanisms," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 19(3), pages 224-339, July.
    • Handle: RePEc:now:fntent:0300000089
    DOI: 10.1561/0300000089
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    References listed on IDEAS

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    1. Shaker A. Zahra & Mike Wright, 2016. "Understanding the Social Role of Entrepreneurship," Journal of Management Studies, Wiley Blackwell, vol. 53(4), pages 610-629, June.
    2. Sakura Yamamura & Paul Lassalle, 2020. "Proximities and the emergence of regional industry: evidence of the liability of smallness in Malta," European Planning Studies, Taylor & Francis Journals, vol. 28(2), pages 380-399, February.
    3. Yi, Lingfeng & Wang, Yue & Upadhaya, Bedanand & Zhao, Sijia & Yin, Yishuai, 2021. "Knowledge spillover, knowledge management capabilities, and innovation among returnee entrepreneurial firms in emerging markets: Does entrepreneurial ecosystem matter?," Journal of Business Research, Elsevier, vol. 130(C), pages 283-294.
    4. Yan Yan & Jiancheng Guan, 2019. "Entrepreneurial ecosystem, entrepreneurial rate and innovation: the moderating role of internet attention," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 625-650, June.
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    Cited by:

    1. Minniti, Maria & Naudé, Wim & Stam, Erik, 2023. "Is Productive Entrepreneurship Getting Scarcer? A Reflection on the Contemporary Relevance of Baumol's Typology," IZA Discussion Papers 16408, Institute of Labor Economics (IZA).

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