The entrepreneurial ecosystem clock keeps on ticking – A replication and extension of Coad and Srhoj (2023)

Jasper van Dijk, Jip Leendertse, Erik Stam and Frank van Rijnsoever

Research Policy, 2025, vol. 54, issue 2

Abstract: A key hypothesis in the entrepreneurial ecosystem (EE) literature is that a positive relation exists between the quality of EEs and the prevalence of productive entrepreneurship. Recently, Coad and Srhoj (2023) argued that the quality of EEs should also be positively related to the persistence of productive entrepreneurship. However, using two different measures for high-growth firms in regions in Croatia and Slovenia, they found no consistent evidence for the persistence of productive entrepreneurship. This led them to conclude that the EE framework is not valuable for policymakers. We contend that their generalization is incorrect and that their findings are consistent with a further articulation of the EE approach.

Keywords: Entrepreneurship; Economic change; Economic development; Entrepreneurial ecosystem; Regional persistence; Productive entrepreneurship; High-growth firms (search for similar items in EconPapers)
JEL-codes: L25 L26 M13 O18 R11 R58 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:54:y:2025:i:2:s0048733324002038

DOI: 10.1016/j.respol.2024.105154

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