UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Entrepreneurial Propensity of Innovation Systems

Radosevic, S; Yoruk, E; (2012) Entrepreneurial Propensity of Innovation Systems. (Economics Working Papers 117). Centre for Comparative Economics, UCL School of Slavonic and East European Studies: London, UK. Green open access

[img]
Preview
PDF
E'ship propensity of IS wp117.pdf
Available under License : See the attached licence file.

Download (475kB)

Abstract

This paper develops an analytical framework, namely the concept of entrepreneurial propensity of innovation systems by integrating knowledge intensive entrepreneurship (KIE) and innovation system (IS) concepts. It first uses a composite index methodology to measure knowledge intensive entrepreneurship and entrepreneurial opportunities at the national level. It then assesses the influence of the system's complementary activities on the emergence of KIE by OLS regressions and structural equation modeling (SEM). We argue that KIE is a systemic feature of IS and that new knowledge, innovation and entrepreneurship are inseparable elements of a dynamic IS. The results show that countries with more developed EO tend to have a high correlation between KIE and entrepreneurial opportunities (EO) reflecting the systemic feature of this relationship. . This paper develops conceptually and empirically the notion of the entrepreneurial propensity of innovation system and provides empirical evidence that institutions affect entrepreneurial experimentation not only directly but more via technology and markets.

Type: Working / discussion paper
Title: Entrepreneurial Propensity of Innovation Systems
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ucl.ac.uk/wp117sum.htm
Language: English
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/1346417
Downloads since deposit
421Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item