The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index

Szerb, László; Acs, Zoltan J.; Ortega-Argilés, Raquel; Komlosi, Eva

doi:10.2139/ssrn.2642514

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The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index

30 Pages Posted: 13 Aug 2015 Last revised: 27 Oct 2015

See all articles by László Szerb

Raquel Ortega-Argilés

University of Birmingham - Birmingham Business School, City REDI institute ; University of Groningen - Faculty of Economics and Business

Eva Komlosi

University of Pécs

Date Written: May 30, 2015

Abstract

Our article develops a Regional Entrepreneurship and Development Index (REDI) for capturing the contextual features of the entrepreneurial ecosystems. Building on the National Systems of Entrepreneurship Theory, REDI advances our understanding to profile Entrepreneurial Ecosystems. An important aspect of the REDI method is the Penalty for Bottleneck analysis, which helps identifying constraining factors at the system level. The index structures the ecosystem disparities amongst a mix of 125 NUTS 1 and NUTS 2 regions for 24 EU countries and provides regional level policy suggestions to improve the level of entrepreneurship and optimize resource allocation over the different pillars of the ecosystem.

Keywords: entrepreneurship, innovation, GEM, REDI, entrepreneurial ecosystem, Smart Specialization

JEL Classification: L26, R11, R58

Suggested Citation: Suggested Citation

Szerb, Laszlo and Acs, Zoltan J. and Ortega-Argilés, Raquel and Komlosi, Eva, The Entrepreneurial Ecosystem: The Regional Entrepreneurship and Development Index (May 30, 2015). Available at SSRN: https://ssrn.com/abstract=2642514 or http://dx.doi.org/10.2139/ssrn.2642514