Entrepreneurship in World Cities

Zoltan Acs, Niels Bosma and Rolf Sternberg

in The Dynamics of Entrepreneurship

Published in print July 2011 | ISBN: 9780199580866
Published online September 2011 | e-ISBN: 9780191728716 | DOI:
Entrepreneurship in World Cities

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Entrepreneurs are of key importance in translating creativity into economic output. Consequently the urban dimension of entrepreneurship is a subject of great interest. This chapter sets out a framework encompassing the process between entrepreneurial perceptions and entrepreneurial activity at the individual level and demonstrate how an urban environment can have an impact on this process. The chapter creates entrepreneurship indices for thirty-five world cities exploiting the Global Entrepreneurship Monitor (GEM) Database 2001-2006. We investigate differences between city-level and country-level for a selection of these indices and show that, indeed, most of them are higher for world cities than for the rest of their respective countries. Albeit very preliminary, the results provide an initial exploration of the entrepreneurial advantage of world cities.

Keywords: entrepreneurship; world cities; Jacobs’ externalities; agglomeration economies; creative class; GEM; urban entrepreneurship

Chapter.  9695 words.  Illustrated.

Subjects: Innovation

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