Entrepreneurial ecosystems in conflict regions: evidence from Ukraine

Maksim Belitski (), Nataliia Cherkas () and Olena Khlystova ()
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Maksim Belitski: University of Reading
Nataliia Cherkas: Kyiv National Economic University
Olena Khlystova: University of Reading

The Annals of Regional Science, 2024, vol. 72, issue 2, No 4, 355-376

Abstract: Abstract Entrepreneurship is a productive force of innovation and economic development. However, in post-conflict regions, there is a greater challenge in allocating entrepreneurial talent to productive entrepreneurship. In this study, we examine the entrepreneurship ecosystem, which is built on the “bottom-up” principles to understand whether its pillars can facilitate productive entrepreneurship in two Ukrainian regions shaken by multiple revolutions and regime change. We introduce a model that puts entrepreneurial conditions in cities and formal institutional changes to a competitive test. Building on the regional entrepreneurship literature, we perform an empirical study in a developing country to reveal what drives productive entrepreneurship in post-conflict regions with entrepreneurship culture, formal networks, debt and equity financing emerging as important determinants of productive entrepreneurship. The effect of formal institutions is significant but highly correlated with rent-seeking behavior of government and corruption. Our analysis suggests that the entrepreneurial conditions in regions focusing on the bottom-up processes of supporting entrepreneurship should work better to enhance productive entrepreneurship activity in a post-conflict region.

JEL-codes: D74 L26 M13 R11 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s00168-022-01203-0

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