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Entrepreneurship in a Regional Context: Historical Roots, Recent Developments and Future Challenges

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  • Michael Fritsch
  • David J. Storey

Abstract

Fritsch M. and Storey D. J. Entrepreneurship in a regional context: historical roots, recent developments and future challenges, Regional Studies . This paper reviews research on regional new business formation published in four special issues of Regional Studies over a period of 30 years. It is observed that over those decades there has been a heightened recognition of the role of both formal institutions and 'soft' factors such as social capital and a culture of entrepreneurship. However, the core challenge is to explain why, in several high-income countries, despite these claimed cultural changes, the relative position of regions with regard to new business formation exhibits little or no variation over long periods of time.

Suggested Citation

  • Michael Fritsch & David J. Storey, 2014. "Entrepreneurship in a Regional Context: Historical Roots, Recent Developments and Future Challenges," Regional Studies, Taylor & Francis Journals, vol. 48(6), pages 939-954, June.
    • Handle: RePEc:taf:regstd:v:48:y:2014:i:6:p:939-954
    DOI: 10.1080/00343404.2014.892574
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    1. Michael Fritsch & Elisabeth Bublitz & Alina Sorgner & Michael Wyrwich, 2014. "How much of a socialist legacy? The re-emergence of entrepreneurship in the East German transformation to a market economy," Small Business Economics, Springer, vol. 43(2), pages 427-446, August.
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