Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach

A high level of entrepreneurship is a positive indicator of a country's potential for economic growth. However, some countries are more entrepreneurial than others, and this trend is often difficult to change. This paper addresses why the entrepreneur-to-population ratio remains so consistent w...

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Detalles Bibliográficos
Autores: Calvo Babío, Nuria, Monje Amor, Ariadna, Atrio Lema, Yago, Urbano Pulido, David
Tipo de recurso: artículo
Fecha de publicación:2026
País:España
Institución:Universidad de Santiago de Compostela (USC)
Repositorio:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
Idioma:inglés
OAI Identifier:oai:minerva.usc.gal:10347/46332
Acceso en línea:https://hdl.handle.net/10347/46332
Access Level:acceso abierto
Palabra clave:Adoption
Diffusion
Entrepreneurs' behavior
Innovation
Institutions
System dynamics
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spelling Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional ApproachCalvo Babío, NuriaMonje Amor, AriadnaAtrio Lema, YagoUrbano Pulido, DavidAdoptionDiffusionEntrepreneurs' behaviorInnovationInstitutionsSystem dynamicsA high level of entrepreneurship is a positive indicator of a country's potential for economic growth. However, some countries are more entrepreneurial than others, and this trend is often difficult to change. This paper addresses why the entrepreneur-to-population ratio remains so consistent within a country over time. The analysis is based on the Spanish case, which is one of the countries with the lowest entrepreneurship rates worldwide, despite the regulative efforts of governments over the past 20 years. Drawing on Bass's adoption-diffusion theory of innovations, while also considering the regulative, normative, and cultural-cognitive institutional dimensions affecting the entrepreneurs' behavior, we have designed a model that reproduces the flow of entrepreneurs through an entrepreneurial process consisting of three stages: potential entrepreneurs, early-stage entrepreneurs, and established entrepreneurs. Our main findings suggest that the number of entrepreneurs goes after a dynamic of growth and stagnation throughout the process. The Adoption and Diffusion of Entrepreneurs' Behavior (ADEB) model proposed herein explains both the time-limited effect of regulative incentives on the diffusion of entrepreneurs through the entrepreneurial process, as well as the long-term effect of normative and cultural-cognitive institutional dimensions. The theoretical discussion derived from this dynamic analysis provides relevant implications for academics, policy makers, and entrepreneurs.WileyUniversidade de Santiago de Compostela. Departamento de Fundamentos da Análise Económica20262026-02-2020262026-02-20journal articlehttp://purl.org/coar/resource_type/c_6501VoRhttp://purl.org/coar/version/c_970fb48d4fbd8a85info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10347/46332reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostelainstname:Universidad de Santiago de Compostela (USC)InglésengAgencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2024-2027 PID2024-156570OB-I00Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023 PID2022-141777NB-I00 DETERMINANTES INSTITUCIONALES Y ORGANIZATIVOS DEL EMPRENDIMIENTO INTERNACIONAL EN UN CONTEXTO DIGITAL Y SOSTENIBLEopen accesshttp://purl.org/coar/access_right/c_abf2© 2026 The Author(s). System Dynamics Review published by John Wiley & Sons Ltd on behalf of System Dynamics Society. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium,provided the original work is properly citedhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:minerva.usc.gal:10347/463322026-06-15T12:47:27Z
dc.title.none.fl_str_mv Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
title Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
spellingShingle Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
Calvo Babío, Nuria
Adoption
Diffusion
Entrepreneurs' behavior
Innovation
Institutions
System dynamics
title_short Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
title_full Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
title_fullStr Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
title_full_unstemmed Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
title_sort Dynamic Analysis of the Adoption and Diffusion of the Entrepreneur's Behavior: An Institutional Approach
dc.creator.none.fl_str_mv Calvo Babío, Nuria
Monje Amor, Ariadna
Atrio Lema, Yago
Urbano Pulido, David
author Calvo Babío, Nuria
author_facet Calvo Babío, Nuria
Monje Amor, Ariadna
Atrio Lema, Yago
Urbano Pulido, David
author_role author
author2 Monje Amor, Ariadna
Atrio Lema, Yago
Urbano Pulido, David
author2_role author
author
author
dc.contributor.none.fl_str_mv Universidade de Santiago de Compostela. Departamento de Fundamentos da Análise Económica
dc.subject.none.fl_str_mv Adoption
Diffusion
Entrepreneurs' behavior
Innovation
Institutions
System dynamics
topic Adoption
Diffusion
Entrepreneurs' behavior
Innovation
Institutions
System dynamics
description A high level of entrepreneurship is a positive indicator of a country's potential for economic growth. However, some countries are more entrepreneurial than others, and this trend is often difficult to change. This paper addresses why the entrepreneur-to-population ratio remains so consistent within a country over time. The analysis is based on the Spanish case, which is one of the countries with the lowest entrepreneurship rates worldwide, despite the regulative efforts of governments over the past 20 years. Drawing on Bass's adoption-diffusion theory of innovations, while also considering the regulative, normative, and cultural-cognitive institutional dimensions affecting the entrepreneurs' behavior, we have designed a model that reproduces the flow of entrepreneurs through an entrepreneurial process consisting of three stages: potential entrepreneurs, early-stage entrepreneurs, and established entrepreneurs. Our main findings suggest that the number of entrepreneurs goes after a dynamic of growth and stagnation throughout the process. The Adoption and Diffusion of Entrepreneurs' Behavior (ADEB) model proposed herein explains both the time-limited effect of regulative incentives on the diffusion of entrepreneurs through the entrepreneurial process, as well as the long-term effect of normative and cultural-cognitive institutional dimensions. The theoretical discussion derived from this dynamic analysis provides relevant implications for academics, policy makers, and entrepreneurs.
publishDate 2026
dc.date.none.fl_str_mv 2026
2026-02-20
2026
2026-02-20
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/10347/46332
url https://hdl.handle.net/10347/46332
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://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2024-2027 PID2024-156570OB-I00
Agencia Estatal de Investigación http://dx.doi.org/10.13039/501100011033 Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023 PID2022-141777NB-I00 DETERMINANTES INSTITUCIONALES Y ORGANIZATIVOS DEL EMPRENDIMIENTO INTERNACIONAL EN UN CONTEXTO DIGITAL Y SOSTENIBLE
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
http://creativecommons.org/licenses/by/4.0/
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
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
instname:Universidad de Santiago de Compostela (USC)
instname_str Universidad de Santiago de Compostela (USC)
reponame_str Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
collection Minerva. Repositorio Institucional de la Universidad de Santiago de Compostela
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869416618167107584
score 15,812455

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