Entrepreneurial ecosystem and urban economic growth-from the knowledge-based view

Abstract

The purpose of this paper is to explore the relationship between the development of entrepreneurial ecosystems and economic growth at the urban level from the knowledge-based view. This paper also scrutinizes the moderating roles of industrial diversities and digital technology service. Based on the data of 32 cities in China from 2008 to 2018, the findings show that entrepreneurial ecosystems' development promotes municipal economic growth significantly via knowledge creation and knowledge flow. Moreover, industrial diversity and digital technology service are found to positively moderate the relationship between entrepreneurial ecosystems’ development and the urban economic growth. This study extends the literature on entrepreneurial ecosystems and regional economic development at the urban level from the perspective of knowledge-based view. The findings also provide policymakers and stakeholders a different mentality when forming strategies and policies on entrepreneurship.