Towards a Causal Model and Causal Inference of Regional Entrepreneurship Development Index, its antecedents and outcomes in European regions

Behnam Azhdari, Jean Bonnet and Sébastien Bourdin
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Behnam Azhdari: Department of Management, Khark Branch, Islamic Azad University, Shohada St. Khark Island, Boushehr, Iran

Economics Working Paper Archive (University of Rennes & University of Caen) from Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS

Abstract: While the literature on entrepreneurial ecosystems (EEs) is growing, there is still a scarce literature on the causal effect between the components of the EEs and between the EEs and regional development. Our paper fills this gap and empirically identify the causal relationships between the EEs' components and the causal effect of the EE on regional development. We show that the growth of GDP/Inhabitant in European regions is only directly determined by the creation of new firms with a strong ambition to grow and create many jobs. The perception of regional opportunities and the risk acceptance are primitive points at the origin of most of the crucial nodes of successful entrepreneurial ecosystems in European regions.

Keywords: Entrepreneurial Ecosystem; REDI Components; Causal Models; Bayesian Networks; Bayesian Inference (search for similar items in EconPapers)
JEL-codes: C11 L26 M13 R11 (search for similar items in EconPapers)
Date: 2022-09
New Economics Papers: this item is included in nep-ent, nep-eur, nep-geo, nep-sbm and nep-ure
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