+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Regional Economics: Theory and Practice
 

The development of entrepreneurial ecosystem in the region: The Nizhny Novgorod oblast case study

Vol. 14, Iss. 7, JULY 2016

PDF  Article PDF Version

Received: 16 December 2015

Received in revised form: 30 December 2015

Accepted: 11 January 2016

Available online: 18 July 2016

Subject Heading: SUSTAINABLE DEVELOPMENT OF REGIONS

JEL Classification: H25, K2, L26

Pages: 76-88

Veselov K.S. National Research University Higher School of Economics, Nizhny Novgorod, Russian Federation
kveselov@hse.ru

Nazarov M.G. National Research University Higher School of Economics, Nizhny Novgorod, Russian Federation
mgnazarov@hse.ru

Shirokova D.V. National Research University Higher School of Economics, Nizhny Novgorod, Russian Federation
dvshirokova@gmail.com

Importance In spite of the crisis in the global and national economy, the problem of entrepreneurship development becomes particularly relevant. The rates and quality of entrepreneurship development are determined not only by the quality of entrepreneurs, but also by the level of development of entrepreneurial ecosystem.
Objectives The aim of this work is to identify the factors that influence the development of an ecosystem of entrepreneurs of the Nizhny Novgorod region. The objectives of the study were: analysis of open source information to make an assessment of the existence and current development of the entrepreneurial ecosystem elements (financing, support system, policies on business, markets, human resources, research and development activities, quality of life); evaluation component of the entrepreneurial ecosystem using expert interviews.
Methods Using qualitative analysis techniques in the present work, we examined various aspects of investment activity in the regions, revealing the most effective management of investment activities at the regional level. We also carried out benchmarking of the considered management systems.
Results The paper identifies the major constraints of the entrepreneurial ecosystem in the region: the underdevelopment of the financial sector and the instability of tax legislation, weak integration of entrepreneurship with the sphere of higher education.
Conclusions and Relevance Based on the data acquired, it is possible to quantify the development of entrepreneurial ecosystem. Using the information from expert interviews, it is necessary to operationalize the concepts presented in the entrepreneurial ecosystem models and develop a tool of quantitative assessment of entrepreneurial ecosystem.

Keywords: entrepreneurial ecosystem, entrepreneurship, human capital assets, region, government regulation

References:

  1. Stam E. Entrepreneurial Ecosystems and Regional Policy: A Sympathetic Critique. European Planning Studies, 2015, vol. 23, no. 9, pp. 1759–1769. doi: 10.1080/09654313.2015.1061484
  2. Moore J.F. Predators and Prey: A New Ecology of Competition. Harvard Business Review, 1993, vol. 71, no. 3, pp. 75–86. Available at: Link.
  3. Ben Letaifa S., Rabeau Y. Too Close to Collaborate? How Geographic Proximity Could Impede Entrepreneurship and Innovation. Journal of Business Research, 2013, vol. 66, no. 10, pp. 2071–2078. doi: 10.1016/j.jbusres.2013.02.033
  4. Hansen E.L. Entrepreneurial Networks and New Organization Growth. Entrepreneurship: Theory and Practice, 1995, vol. 19, no. 4, pp. 7–19.
  5. Butler J.E., Hansen G.S. Network Evolution, Entrepreneurial Success, and Regional Development. Entrepreneurship and Regional Development, 1991, vol. 3, no. 1, pp. 1–16. doi: 10.1080/08985629100000001
  6. Mason C., Brown R. Entrepreneurial Ecosystems and Growth Oriented Entrepreneurship. The Hague, Netherlands, 2014, 38 p. Available at: Link.
  7. Greve A., Salaff J.W. Social Networks and Entrepreneurship. Entrepreneurship: Theory and Practice, 2003, vol. 28, no. 1, pp. 1–22. doi: 10.1111/1540-8520.00029
  8. Brundin E. et al. Triple Helix Networks in a Multicultural Context: Triggers and Barriers for Fostering Growth and Sustainability. Journal of Developmental Entrepreneurship, 2008, vol. 13, no. 1, pp. 77–98. doi: 10.1142/S1084946708000867
  9. Schilling M.A., Phelps C.C. Interfirm Collaboration Networks: The Impact of Large-Scale Network Structure on Firm Innovation. Management Science, 2007, vol. 53, no. 7, pp. 1113–1126. doi: 10.1287/mnsc.1060.0624
  10. Vorley T., Mould O., Smith H.L. Introduction to Geographical Economies of Creativity, Enterprise and the Creative Industries. Geografiska Annaler. Ser. B: Human Geography, 2008, vol. 90, pp. 101–106. doi: 10.1111/j.1468-0467.2008.00280.x
  11. Lawton Smith H., Glasson J., Chadwick A. The Geography of Talent: Entrepreneurship and Local Economic Development in Oxfordshire. Entrepreneurship & Regional Development, 2005, vol. 17, pp. 449–478. doi: 10.1080/08985620500247819
  12. Sweeney G.P. Innovation, Entrepreneurs, and Regional Development. New York, St. Martin's Press, 1987, 271 p.
  13. Feld B. Startup Communities: Building an Entrepreneurial Ecosystem in Your City. Wiley, 2012, 224 p.
  14. Lerner J. Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed – and What to Do about It. Princeton, NJ, USA, Princeton University Press, 2009, 241 p.
  15. Ahmad N., Seymour R. Defining Entrepreneurial Activity: Definitions Supporting Frameworks for Data Collection. OECD Statistics Working Paper, 2008, pp. 1–18.
  16. Ács Z.J., Autio E., Szerb L. National Systems of Entrepreneurship: Measurement issues and policy implications. Research Policy, 2014, vol. 43, no. 3, pp. 476–494. doi: 10.2139/ssrn.2008160
  17. Isenberg D. The Entrepreneurship Ecosystem Strategy as a New Paradigm for Economic Policy: Principles for Cultivating Entrepreneurship. Babson Entrepreneurship Ecosystem Project. Dublin, 2011. Available at: Link.
  18. Isenberg D. Worthless, Impossible and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value. Harvard Business Press, 2013, 256 p.
  19. Lawton Smith H. Universities, Innovation, and Territorial Development: A review of the evidence. Environment and Planning C: Government and Policy, 2007, vol. 25, pp. 98–114. doi: 10.1068/c0561
  20. Abdrakhmanova G.I., Belousova V.Yu., Goland M.Yu., Gokhberg L.M. Reiting innovatsionnogo razvitiya sub''ektov Rossiiskoi Federatsii [A rating of innovation development of the constituent entities of the Russian Federation]. Moscow, HSE Publ., 2014, 88 p.

View all articles of issue

 

ISSN 2311-8733 (Online)
ISSN 2073-1477 (Print)

Journal current issue

Vol. 22, Iss. 4
April 2024

Archive