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Local entrepreneurial resilience and culture: the role of social values in fostering economic recovery

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  • Robert Huggins
  • Piers Thompson

Abstract

This paper examines localities in terms of the impact of community culture on the resilience of their entrepreneurial activity. Drawing on a regression analysis of data covering localities in Britain for the period 2004–2011, it is found that an open and diverse culture is likely to aid the renewal and reorientation of local entrepreneurial activity. Overall, the study indicates that local social values play an important role in fostering entrepreneurial resilience. It is suggested that future policy intervention may be best targeted at the education system, where the tolerance and skill sets underpinning entrepreneurial resilience can be most effectively developed.

Suggested Citation

  • Robert Huggins & Piers Thompson, 2015. "Local entrepreneurial resilience and culture: the role of social values in fostering economic recovery," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(2), pages 313-330.
    • Handle: RePEc:oup:cjrecs:v:8:y:2015:i:2:p:313-330.
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    File URL: http://hdl.handle.net/10.1093/cjres/rsu035
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    Cited by:

    1. Huiwen Gong & Robert Hassink & Juntao Tan & Dacang Huang, 2020. "Regional Resilience in Times of a Pandemic Crisis: The Case of COVID‐19 in China," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 111(3), pages 497-512, July.
    2. Mingke Xie & Zhangxian Feng & Chenggu Li, 2022. "How Does Population Shrinkage Affect Economic Resilience? A Case Study of Resource-Based Cities in Northeast China," Sustainability, MDPI, vol. 14(6), pages 1-22, March.
    3. Robert Huggins & Piers Thompson & Martin Obschonka, 2018. "Human behaviour and economic growth: A psychocultural perspective on local and regional development," Environment and Planning A, , vol. 50(6), pages 1269-1289, September.
    4. Giuseppe Terzo, 2021. "Social capital, social economy and economic resilience of Italian provinces," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1113-1135, October.
    5. Ron Martin & Peter Sunley & Peter Tyler, 2015. "Local growth evolutions: recession, resilience and recovery," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 8(2), pages 141-148.
    6. Rüdiger Wink & Laura Kirchner & Florian Koch & Daniel Speda, 2017. "Agency and forms of path development along transformation processes in German cities," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 471-490.
    7. Xin Mai & Roger C. K. Chan & Chaoqun Zhan, 2019. "Which Sectors Really Matter for a Resilient Chinese Economy? A Structural Decomposition Analysis," Sustainability, MDPI, vol. 11(22), pages 1-17, November.
    8. Junzhou Yu & Wenzheng Hu & Ting Deng, 2024. "Towards more resilient economy—analyzing the impact of new-type urbanization on urban economic resilience: mechanisms and spatial spillover boundaries," Economic Change and Restructuring, Springer, vol. 57(5), pages 1-41, October.
    9. Xuefei Ma & Xiaohong Chen & Yue Du & Xuan Zhu & Yue Dai & Xin Li & Rui Zhang & Ying Wang, 2022. "Evaluation of Urban Spatial Resilience and Its Influencing Factors: Case Study of the Harbin–Changchun Urban Agglomeration in China," Sustainability, MDPI, vol. 14(5), pages 1-17, March.
    10. Yang, Yang & Lin, Zibo & Xu, Zhaoyi & Liu, Shuwen, 2024. "The impact of digital finance on regional economic resilience," Pacific-Basin Finance Journal, Elsevier, vol. 85(C).
    11. Chiara Burlina & Alessandro Crociata & Iacopo Odoardi, 2021. "Can culture save young Italians? The role of cultural capital on Italian NEETs behaviour," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 943-969, October.
    12. Piers Thompson & Wenyu Zang, 2018. "The foreign business and domestic enterprise relationship: Its implications for local entrepreneurial resilience," Local Economy, London South Bank University, vol. 33(1), pages 10-39, February.
    13. Riccardo Cappelli & Fabio Montobbio & Andrea Morrison, 2021. "Unemployment resistance across EU regions: the role of technological and human capital," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 147-178, January.
    14. Tessa Conroy & Steven Deller, 2023. "I will survive…but at what (opportunity) cost?: A spatial analysis of business survival and Jacobian externalities," Growth and Change, Wiley Blackwell, vol. 54(2), pages 550-571, June.
    15. Roberto Cellini & Tiziana Cuccia, 2019. "Do behaviours in cultural markets affect economic resilience? An analysis of Italian regions," European Planning Studies, Taylor & Francis Journals, vol. 27(4), pages 784-801, April.
    16. Rahul Nilakantan & Deepak Iyengar & Samar K. Datta & Shashank Rao, 2021. "On Ethical Violations in Microfinance Backed Small Businesses: Family and Household Welfare," Journal of Business Ethics, Springer, vol. 172(4), pages 785-802, September.
    17. Xin Mai & Roger C. K. Chan, 2020. "Detecting the intellectual pathway of resilience thinking in urban and regional studies: A critical reflection on resilience literature," Growth and Change, Wiley Blackwell, vol. 51(3), pages 876-889, September.
    18. O. V. Kuznetsova, 2022. "The Transformation of the Spatial Structure of an Economy in the Crisis and Post-Crisis Periods," Regional Research of Russia, Springer, vol. 12(4), pages 451-458, December.
    19. Zizi Goschin, 2020. "What makes new firms resilient? A spatial analysis for Romania," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(5), pages 913-930, October.
    20. Zoltan Acs & Emma Lappi, 2021. "Entrepreneurship, culture, and the epigenetic revolution: a research note," Small Business Economics, Springer, vol. 56(4), pages 1287-1307, April.
    21. Alessandro Crociata & Iacopo Odoardi & Massimiliano Agovino & Pier Luigi Sacco, 2020. "A missing link? Cultural capital as a source of human capital: evidence from Italian regional data," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(1), pages 79-109, February.
    22. Ramona Țigănașu, 2018. "An Overview Of The European Union Resilience Capacity: Scientific Limits And Methodological Aspects Related To Its Measurement," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 170-181, December.
    23. Huiping Wang & Qi Ge, 2023. "Spatial association network of economic resilience and its influencing factors: evidence from 31 Chinese provinces," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.

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