Entrepreneurial ecosystems and public policy in action: a critique of the latest industrial policy blockbuster

Author:

Brown Ross1,Mawson Suzanne2

Affiliation:

1. Centre for Responsible Banking & Finance, School of Management, University of St Andrews, St Andrews, Fife, Scotland, UK

2. Stirling Management School, University of Stirling, Stirling, Scotland, UK

Abstract

AbstractEfforts to develop entrepreneurial ecosystems (EEs) have proliferated in recent years, marking it out as the latest industrial policy ‘blockbuster’. This article reports the findings from the first comprehensive empirical analysis of EE policy approaches. It posits a basic typology of different policy frameworks deployed under the ecosystem rubric. The findings suggest the concept is fraught with conceptual ambiguity and is predominantly (and rather crudely) used to promote ‘more’ entrepreneurship. The research suggests the concept is a ‘messy metaphor’, open to wide-ranging misinterpretation and misuse by policymakers. In terms of recommendations, eradicating network failures, avoiding crude policy isomorphism and tailoring bespoke interventions to the specific nature of EEs are viewed as key policy lessons.

Funder

University of St Andrews Knowledge Exchange Impact Fund

Publisher

Oxford University Press (OUP)

Subject

Economics and Econometrics,Sociology and Political Science,Geography, Planning and Development

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