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Regional Economics: Theory and Practice
 

The role of social capital in the formation and development of entrepreneurial ecosystems of digital valleys

Vol. 20, Iss. 2, FEBRUARY 2022

Received: 26 August 2021

Received in revised form: 19 October 2021

Accepted: 25 November 2021

Available online: 15 February 2022

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: L53, O33, P51

Pages: 308–328

https://doi.org/10.24891/re.20.2.308

Svetlana A. SAMUSENKO Siberian Federal University (SibFU), Krasnoyarsk, Russian Federation
ssamusenko@sfu-kras.ru

https://orcid.org/0000-0001-6178-592X

Yuliya R. SHVED Siberian Federal University (SibFU), Krasnoyarsk, Russian Federation
urp_9696@mail.ru

ORCID id: not available

Subject. This article analyses the competitive opportunities of the business ecosystems of the digital valleys of the USA, Israel, India, and China.
Objectives. The article aims to identify and systematize the key characteristics of the business ecosystems of digital valleys from the standpoint of the network theory.
Methods. For the study, we used a comparative analysis.
Results. The article identifies horizontally- and vertically-integrated networks supported by government. The article describes the common characteristics of successful business ecosystems of digital valleys.
Conclusions. The article concludes that the key success factors of the best practices of digital valleys are the use of the regional peculiarities and advantages, scientific and financial potential, and the development of various institutions and business culture. The network characteristics of cohesion, diversity and fluidity are getting changed, and they depend on the institutional environment and public administration patterns.

Keywords: social capital, digital economy, business ecosystem, digital valley, network theory

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