Robert Huggins, Max Munday, Piers Thompson, Chen Xu
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Entrepreneurial ecosystems, agency and regional development: Emergence and new path creation in the Cardiff city region
This paper addresses the process of entrepreneurial ecosystem emergence in regions and the mechanisms through which new industrial paths are created. It focuses on the context of a relatively weak economic region and develops a mode of analysis that considers the role of human agency within the emergence of entrepreneurial ecosystems. This analysis addresses the case study of the Cardiff city region in the United Kingdom. It indicates that the revitalisation of lagging regions through an entrepreneurial ecosystem approach is likely to be contingent upon a number of important components: (1) access to potential entrepreneurial agency, (2) the engagement of ‘enlightened’ local political agency and (3) the formation of a collective agency across entrepreneurial and political agents as well as other relevant stakeholders. The emergence of collective agency in the city region is found to have led to new policies, networks and entrepreneurial support within the high-tech industry, coupled with the development of new industrial paths and improved economic conditions. The paper argues that adopting an agency-based approach to analysing entrepreneurial emergence highlights the importance of key human actors in such emergence. It is concluded that lagging regions can trigger a process of development through new path creation stemming from the emergence of an entrepreneurial ecosystem.
期刊介绍:
Local Economy is a peer-reviewed journal operating as an interdisciplinary forum for the critical review of policy developments in the broad area of local economic development and urban regeneration. It seeks not only to publish analysis and critique but also to disseminate innovative practice. One particular concern is with grassroots community economic development strategies and the work of voluntary organisations, considered within the context of wider social, political and economic change.