A composite indicator analysis for optimizing entrepreneurial ecosystems

We employ the ‘benefit of the doubt’ approach rooted in non-parametric techniques to evaluate the entrepreneurial ecosystem of 71 countries for the period 2016. By scrutinizing the relative efficiency of countries’ entrepreneurial ecosystems, the proposed analysis of composite indicators allows the...

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Detalles Bibliográficos
Autores: Lafuente González, Esteban Miguel|||0000-0001-5889-7656, Acs, Zoltan, Szerb, László
Tipo de recurso: artículo
Fecha de publicación:2021
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/357482
Acceso en línea:https://hdl.handle.net/2117/357482
https://dx.doi.org/10.1016/j.respol.2021.104379
Access Level:acceso abierto
Palabra clave:Econometric models
Statistics
Entrepreneurship
Composite indicators
Entrepreneurial ecosystem
Policy priorities
Benefit of the doubt
Data envelopment analysis
Models economètric
Estadística
Emprenedoria
Àrees temàtiques de la UPC::Economia i organització d'empreses
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oai_identifier_str oai:upcommons.upc.edu:2117/357482
network_acronym_str ES
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repository_id_str
spelling A composite indicator analysis for optimizing entrepreneurial ecosystemsLafuente González, Esteban Miguel|||0000-0001-5889-7656Acs, ZoltanSzerb, LászlóEconometric modelsStatisticsEntrepreneurshipComposite indicatorsEntrepreneurial ecosystemPolicy prioritiesBenefit of the doubtData envelopment analysisModels economètricEstadísticaEmprenedoriaÀrees temàtiques de la UPC::Economia i organització d'empresesWe employ the ‘benefit of the doubt’ approach rooted in non-parametric techniques to evaluate the entrepreneurial ecosystem of 71 countries for the period 2016. By scrutinizing the relative efficiency of countries’ entrepreneurial ecosystems, the proposed analysis of composite indicators allows the computation of endogenous (country-specific) weights that can be used for developing more informed policy making. The results show that countries prioritize different aspects of their national system of entrepreneurship which confirms that, contrary to homogeneous prescription, tailor-made policy is necessary if the objective is to optimize the resources deployed to enhance the countries’ entrepreneurial ecosystem. The findings of the empirical application reveal significant improvements in the quality of the entrepreneurial ecosystem can be realized by targeting the policy priorities of the local entrepreneurship system identified by the ‘benefit of the doubt’ weights. By analyzing the variation in economic and entrepreneurship outcomes over the seven-year period centered on the study year (period 2013–2019), we found a significant positive correlation between quality improvements in the entrepreneurial ecosystem and venture capital investments.Peer Reviewed20222022-01-0120212021-12-01journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/2117/357482https://dx.doi.org/10.1016/j.respol.2021.104379reponame:UPCommons. Portal del coneixement obert de la UPCinstname:Universitat Politècnica de Catalunya (UPC)InglésengAgencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 PID2020-115018RB-C32 BIENESTAR SOCIAL Y GESTION DE LOS NEGOCIOSAgencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016 ECO2017-86305-C4-2-R CAMBIOS ORGANIZATIVOS PARA MEJORAR EL BIENESTAR SOCIALopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivs 3.0 Spainhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:upcommons.upc.edu:2117/3574822026-05-27T15:37:01Z
dc.title.none.fl_str_mv A composite indicator analysis for optimizing entrepreneurial ecosystems
title A composite indicator analysis for optimizing entrepreneurial ecosystems
spellingShingle A composite indicator analysis for optimizing entrepreneurial ecosystems
Lafuente González, Esteban Miguel|||0000-0001-5889-7656
Econometric models
Statistics
Entrepreneurship
Composite indicators
Entrepreneurial ecosystem
Policy priorities
Benefit of the doubt
Data envelopment analysis
Models economètric
Estadística
Emprenedoria
Àrees temàtiques de la UPC::Economia i organització d'empreses
title_short A composite indicator analysis for optimizing entrepreneurial ecosystems
title_full A composite indicator analysis for optimizing entrepreneurial ecosystems
title_fullStr A composite indicator analysis for optimizing entrepreneurial ecosystems
title_full_unstemmed A composite indicator analysis for optimizing entrepreneurial ecosystems
title_sort A composite indicator analysis for optimizing entrepreneurial ecosystems
dc.creator.none.fl_str_mv Lafuente González, Esteban Miguel|||0000-0001-5889-7656
Acs, Zoltan
Szerb, László
author Lafuente González, Esteban Miguel|||0000-0001-5889-7656
author_facet Lafuente González, Esteban Miguel|||0000-0001-5889-7656
Acs, Zoltan
Szerb, László
author_role author
author2 Acs, Zoltan
Szerb, László
author2_role author
author
dc.subject.none.fl_str_mv Econometric models
Statistics
Entrepreneurship
Composite indicators
Entrepreneurial ecosystem
Policy priorities
Benefit of the doubt
Data envelopment analysis
Models economètric
Estadística
Emprenedoria
Àrees temàtiques de la UPC::Economia i organització d'empreses
topic Econometric models
Statistics
Entrepreneurship
Composite indicators
Entrepreneurial ecosystem
Policy priorities
Benefit of the doubt
Data envelopment analysis
Models economètric
Estadística
Emprenedoria
Àrees temàtiques de la UPC::Economia i organització d'empreses
description We employ the ‘benefit of the doubt’ approach rooted in non-parametric techniques to evaluate the entrepreneurial ecosystem of 71 countries for the period 2016. By scrutinizing the relative efficiency of countries’ entrepreneurial ecosystems, the proposed analysis of composite indicators allows the computation of endogenous (country-specific) weights that can be used for developing more informed policy making. The results show that countries prioritize different aspects of their national system of entrepreneurship which confirms that, contrary to homogeneous prescription, tailor-made policy is necessary if the objective is to optimize the resources deployed to enhance the countries’ entrepreneurial ecosystem. The findings of the empirical application reveal significant improvements in the quality of the entrepreneurial ecosystem can be realized by targeting the policy priorities of the local entrepreneurship system identified by the ‘benefit of the doubt’ weights. By analyzing the variation in economic and entrepreneurship outcomes over the seven-year period centered on the study year (period 2013–2019), we found a significant positive correlation between quality improvements in the entrepreneurial ecosystem and venture capital investments.
publishDate 2021
dc.date.none.fl_str_mv 2021
2021-12-01
2022
2022-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
VoR
http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/2117/357482
https://dx.doi.org/10.1016/j.respol.2021.104379
url https://hdl.handle.net/2117/357482
https://dx.doi.org/10.1016/j.respol.2021.104379
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.relation.none.fl_str_mv Agencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020 PID2020-115018RB-C32 BIENESTAR SOCIAL Y GESTION DE LOS NEGOCIOS
Agencia Estatal de Investigación http://doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2013-2016 ECO2017-86305-C4-2-R CAMBIOS ORGANIZATIVOS PARA MEJORAR EL BIENESTAR SOCIAL
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:UPCommons. Portal del coneixement obert de la UPC
instname:Universitat Politècnica de Catalunya (UPC)
instname_str Universitat Politècnica de Catalunya (UPC)
reponame_str UPCommons. Portal del coneixement obert de la UPC
collection UPCommons. Portal del coneixement obert de la UPC
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.300719

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