Entrepreneurship research and the biological metaphor of the entrepreneurial ecosystem

  • László Szerb Pécsi Tudományegyetem Közgazdaságtudományi Kar

Abstract

This paper surveys the evolution of measuring entrepreneurship – from self-employment counts and startup rates to systemic, context-sensitive indices – and advances a biological metaphor that links the fauna of venture types (mice, elephants, gazelles, unicorns) to the flora of habitat conditions (climate, vegetation, rules, nutrients, pathways). The paper illustrates the balance and functioning of flora and fauna through
three African ecosystems: the desert, the savannah, and the tropical rainforest. I evaluate the domestic entrepreneurial ecosystem based on this biological metaphor. The contribution is conceptual (integrating fauna and flora) and empirical (using GEI logic to diagnose and prioritize), offering a tractable way to relate measurement to development-relevant policy.

References

ACS, Z. [2006]: How is entrepreneurship good for economic growth. Innovations, 1. évf. 1. sz. 97–107. o. https://doi.org/10.1162/itgg.2006.1.1.97.

ACS, Z. J.–ARMINGTON, C. [2004]: Employment growth and entrepreneurial activity in cities. Regional Studies, 38. évf. 8. sz. 911–927. o. https://doi.org/10.1080/0034340042000280938.

ACS, Z. J.–ARMINGTON, C. [2006]: Entrepreneurship, geography, and American economic growth. Cambridge University Press, Cambridge, MA.

ACS, Z. J.–AUDRETSCH, D. B. [1987]: Innovation, market structure, and firm size. The Review of Economics and Statistics, 69. évf. 4. sz. 567–574. o. https://doi.org/10.2307/1935950.

ACS, Z. J.–AUDRETSCH, D. B. [1988]: Innovation in large and small firms: An empirical analysis. American Economic Review, 78. évf. 4. sz. 678–690. o. https://www.jstor.org/stable/1811167.

ACS, Z. J.–MUELLER, P. [2008]: Employment effects of business dynamics: Mice, gazelles and elephants. Small Business Economics, 30. évf. 1. sz. 85–100. o. https://doi.org/10.1007/s11187-007-9052-3.

ACS, Z. J.–SZERB, L. [2009]: The global entrepreneurship index (GEINDEX). Foundations and Trends® in Entrepreneurship, 5. évf. 5. sz. 341–435. o. https://doi.org/10.1561/0300000027.

ACS, Z. J.–AUDRETSCH, D. B.–LEHMANN, E. E. [2013]: The knowledge spillover theory of entrepreneurship. Small Business Economics, 41. évf. 4. sz. 757–774. o. https://doi.org/10.4337/9781839106996.00044.

ACS, Z. J.–AUTIO, E.–SZERB, L. [2014]: National systems of entrepreneurship: Measurement issues and policy implications. Research Policy, 43. évf. 3. sz. 476–494. o. https://doi.org/10.1016/j.respol.2013.08.016.

ACS, Z. J.–LAFUENTE, E.–SZERB, L. (szerk.) [2023]: The entrepreneurial ecosystem: A global perspective. Palgrave Studies in Entrepreneurship and Society. Palgrave and McMillen, Cham, Switzerland.

AIDIS, R.–ESTRIN, S.–MICKIEWICZ, T. [2008]: Institutions and entrepreneurship development in Russia: A comparative perspective. Journal of Business Venturing, 23. évf. 6. sz. 656–672. o. https://doi.org/10.1016/j.jbusvent.2008.01.005.

ARENIUS, P.–MINNITI, M. [2005]: Perceptual variables and nascent entrepreneurship. Small Business Economics, 24. évf. 3. sz. 233–247. o. https://doi.org/10.1007/s11187-005-1984-x.

ARTHUR, W. B. [1994]: Increasing returns and path dependence in the economy. University of Michigan Press, Ann Arbor, MI.

AUTIO, E. [2005]: Global entrepreneurship monitor 2005. Report on high-expectation entrepreneurship, 13-16.

AUTIO, E.–RANNIKKO, H. [2016]: Retaining winners: Can policy boost high-growth entrepreneurship? Research Policy, 45. évf. 1. sz. 42–55. o. https://doi.org/10.1016/j.respol.2015.06.002.

AUTIO, E.–NAMBISAN, S.–THOMAS, L. D.–WRIGHT, M. [2018]: Digital affordances, spatial affordances, and the genesis of entrepreneurial ecosystems. Strategic Entrepreneurship Journal, 12. évf. 1. sz. 72–95. o. https://doi.org/10.1002/sej.1266.

BACKUS, J.–BHARDWAJ, H. [2015]: Update: unicorns vs. dragons. Mimeo. https://techcrunch.com/2014/12/14/unicorns-vs-dragons/.

BAUMOL, W. J. [1990]: Entrepreneurship: Productive, unproductive, and destructive. Journal of Political Economy, 98. évf. 5. sz. 893–921. o.

BIRCH, D. L. [1979]: The job generation process. MIT Program on Neighborhood and Regional Change. Massachusetts Institute of Technology, Cambridge, MA.

BIRCH, D. L. [1981]: Who creates jobs? The Public Interest, 65. sz. 3–14. o.

BIRCH, D. L. [1987]: Job creation in America: How our smallest companies put the most people to work. Macmillan Publishers, New York, NY.

BIRCH, D. L.–MEDOFF, J. [1994]: Gazelles. Megjelent: Solmon, L. C.–Levenson, A. R. (szerk.): Labor markets, employment policy and job creation. Westview Press, Boulder, CO–London, 159–167. o.

BLANCHFLOWER, D. G. [2000]: Self-employment in OECD countries. Labour Economics, 7. évf. 5. sz. 471–505. o. https://doi.org/10.1016/S0927-5371(00)00011-7.

BOSMA, N.–KELLEY, D. [2019]: Global Entrepreneurship Monitor 2018/2019. Global Report. Global Entrepreneurship Research Association. https://www.gemconsortium.org/report/gem-2018-2019-global-report.

BRANDEL, M.–ZEPEDA, A.–SCHOLZ, T.–WILLIAMS, M. [2017]: Zebras fix what unicorns break. Medium Manifesto. https://medium.com/zebras-unite/zebrasfix-c467e55f9d96.

CARREE, M. A.–THURIK, A. R. [2003]: The impact of entrepreneurship on economic growth. Megjelent: Audretsch, D.–Acs, Z. J. (szerk.): Handbook of entrepreneurship research. Springer, Princeton, NJ, 437–471. o.

CARREE, M.–VAN STEL, A.–THURIK, R.–WENNEKERS, S. [2002]: Economic development and business ownership: an analysis using data of 23 OECD countries in the period 1976–1996. Small Business Economics, 19. évf. 3. sz. 271–290. o. https://doi.org/10.1023/A:1019604426387.

CRISTOFARO, M.–KASK, J.–MULDOON, J. [2023]: Guest editorial: Exploring the entrepreneurial jungle: unicorns, gazelles, zebras and other venture species. Journal of Small Business and Enterprise Development, 30. évf. 6. sz. 1065–1087. o. https://doi.org/10.1108/JSBED-10-2023-509.

DAVIDSSON, P. [2008]: The entrepreneurship research challenge. In The Entrepreneurship Research Challenge. Edward Elgar Publishing, Cheltenham.

DAVIDSSON, P.–WIKLUND, J. [2001]: Levels of analysis in entrepreneurship research: Current research practice and suggestions for the future. Entrepreneurship Theory and Practice, 25. évf. 4. sz. 81–100. o. https://doi.org/10.1177/104225870102500406.

DE GENNARO, D.–MORMILE, S.–PISCOPO, G.–ADINOLFI, P. [2023]: In the jungle, the mighty jungle, the zebras are teal tonight: investigating the organizational forms of Generation Z-driven Italian start-ups. Journal of Small Business and Enterprise Development, 30. évf. 6. sz. 1129–1155. o. https://doi.org/10.1108/JSBED-02-2023-0063.

DRUCKER, P. F. [1986]: Innovation and entrepreneurship: Practice and principles. Harper and Row, London.

DURAND, M. [2015]: The OECD better life initiative: How’s life? and the measurement of well‐being. Review of Income and Wealth, 61. évf. 1. sz. 4–17. o. https://doi.org/10.1111/roiw.12156.

ESTRIN, S.–KOROSTELEVA, J.–MICKIEWICZ, T. [2013]: Which institutions encourage entrepreneurial growth aspirations? Journal of Business Venturing, 28. évf. 4. sz. 564–580. o. https://doi.org/10.1016/j.jbusvent.2012.05.001.

FAGERBERG, J.–SRHOLEC, M. [2008]: National innovation systems, capabilities and economic development. Research Policy, 37. évf. 9. sz. 1417–1435. o. https://doi.org/10.1016/j.respol.2008.06.003.

FRITSCH, M.–MUELLER, P. [2004]: Effects of new business formation on regional development over time. Regional Studies, 38. évf. 8. sz. 961–975. o. https://doi.org/10.1080/0034340042000280965.

GARTNER, W. B. [1990]: What are we talking about when we talk about entrepreneurship? Journal of Business Venturing, 5. évf. 1. sz. 15–28. o.

GORDON, R. J. [2004]: Five puzzles in the behavior of productivity, investment, and innovation. NBER Working Papers, 10660. National Bureau of Economic Research, Cambridge, MA. https://doi.org/10.3386/W10660.

GRAHAM, P. [2008]: Why to start a startup in a bad economy? https://www.paulgraham.com/badeconomy.html.

GRILICHES, Z. [1998]: Patent statistics as economic indicators: a survey. Megjelent: R&D and productivity: the econometric evidence. University of Chicago Press, Chicago, IL. 287–343. o.

HALL, P. A.–SOSKICE, D. [2001]: An introduction to varieties of capitalism. Megjelent: Hall, P. A.–Soskice, D.: Varieties of capitalism. Oxford University Press, Oxford, 21–74. o. https://doi.org/10.2307/30040740.

HALTIWANGER, J.–JARMIN, R. S.–MIRANDA, J. [2013]: Who creates jobs? Small versus large versus young. Review of Economics and Statistics, 95. évf. 2. sz. 347–361. o. https://doi.org/10.1162/REST_a_00288.

HENREKSON, M.–JOHANSSON, D. [2010]: Gazelles as job creators: a survey and interpretation of the evidence. Small Business Economics, 35. évf. 2. sz. 227–244. o. https://doi.org/10.1007/s11187-009-9172-z.

HENREKSON, M.–SANANDAJI, T. [2020]: Measuring entrepreneurship: Do established metrics capture Schumpeterian entrepreneurship? Entrepreneurship Theory and Practice, 44. évf. 4. sz. 733–760. o. https://doi.org/10.1177/1042258719844500.

HINDLE, K. [2006]: A measurement framework for international entrepreneurship policy research: From impossible index to malleable matrix. International Journal of Entrepreneurship and Small Business, 3. évf. 2. sz. 139–182. o. https://doi.org/10.1504/IJESB.2006.008926.

HURUN RESEARCH INSTITUTE [2023]: Global Future Unicorns Global Cheetah Index 2023. https://www.hurun.co.uk/global-cheetah-index-2023.

ISENBERG, D. J. [2010]: The big idea: How to start an entrepreneurial revolution. Harvard Business Review, 88. évf. 6. sz. 40–50. o. https://hbr.org/2010/06/the-big-idea-how-to-start-an-entrepreneurial-revolution.

KEYNES, J. M. [1936/1965]: A foglalkoztatás, a kamat és a pénz általános elmélete. KJK, Budapest.

KUZNETS, S. [1934]: National Income, 1929–1932. U.S. Congress, Senate Document No. 124.

LANDSTRÖM, H. [1999]: The roots of entrepreneurship research. New England Journal of Entrepreneurship, 2. évf. 2. sz. 9–20. o. https://doi.org/10.1108/NEJE-02-02-1999-B002.

LAZAROW, A. [2020]: Startups, it’s time to think like camels – not unicorns. Harvard Business Review. https://hbr.org/2020/10/startups-its-time-to-think-like-camels-not-unicorns.

LEE, A. [2013]: Welcome to the unicorn club: Learning from billion-dollar startups. TechCrunch. https://techcrunch.com/2013/11/02/welcome-to-the-unicorn-club/.

MADDISON, A. [2005]: Measuring and interpreting world economic performance 1500–2001. Review of Income and Wealth, 51. köt. 1. sz. 1–35. o.

MASON, C.–BROWN, R. [2014]: Entrepreneurial ecosystems and growth oriented entrepreneurship. Background paper prepared for the workshop organised by the OECD LEED Programme and the Dutch Ministry of Economic Affairs. OECD, Párizs.

MCCLURE, D. [2013]: You need to build lean ‘cockroach’ startups. Wired, október 30. https://www.wired.com/story/dave-mcclure-cockroach-startup/.

MEYER, M.–LIBAERS, D.–THIJS, B.–GRANT, K.–GLÄNZEL, W.–DEBACKERE, K. [2014]: Origin and emergence of entrepreneurship as a research field. Scientometrics, 98. köt. 1. sz. 473–485. o. https://doi.org/10.1007/s11192-013-1021-9.

NELSON, R. R.–WINTER, S. G. [1982]: The Schumpeterian tradeoff revisited. The American Economic Review, 72. évf. 1. sz. 114–132. o.

NORTH, D. C. [1990]: Institutions, institutional change and economic performance. Cambridge University Press, Cambridge.

OECD [2010]: High-growth enterprises: What governments can do to make a difference. OECD, Párizs.

OECD/EUROSTAT [2018]: Oslo Manual 2018: Guidelines for collecting, reporting and using data on innovation. 4th edition. The measurement of scientific, technological and innovation activities. OECD Publishing, Párizs. https://doi.org/10.1787/9789264304604-en.

PRIMACK, J. [2021]: Why the startup world needs to ditch “unicorns” for “dragons”. Axios. https://www.axios.com/2021/08/31/unicorn-startup-privately-held-valued-1-billion.

REYNOLDS, P.–BOSMA, N.–AUTIO, E.–HUNT, S.–DE BONO, N.–SERVAIS, I.–CHIN, N. [2005]: Global entrepreneurship monitor: Data collection design and implementation 1998–2003. Small Business Economics, 24. évf. 3. sz. 205–231. o. https://doi.org/10.1007/s11187-005-1980-1.

REYNOLDS, P. D.–BYGRAVE, W. D.–AUTIO, E.–ARENIUS, P. [2004]: GEM 2003. Global Report. Babson College, Babson Park, MA.

RUGGLES, N. D.–RUGGLES, R. [1999]: National accounting and economic policy: the United States and UN systems. Edward Elgar Publishing, Cheltenham.

SCHUMPETER, J. A. [1911/1934]: The theory of economic development. Harvard University Press, Cambridge, MA.

SEN, A. K. [1985]: Commodities and capabilities. Elsevier Science Publishers, Oxford.

SHANE, S. [2009]: Why encouraging more people to become entrepreneurs is bad public policy. Small Business Economics, 33. évf. 2. sz. 141–149. o. https://doi.org/10.1007/s11187-009-9215-5.

SHANE, S.–VENKATARAMAN, S. [2000]: The promise of entrepreneurship as a field of research. Academy of Management Review, 25. évf. 1. sz. 217–226. o. https://doi.org/10.2307/259271.

SIMON, J. P. [2016]: How to catch a unicorn: An exploration of the universe of tech companies with high market capitalisation. Publications Office of the European Union, Luxemburg. https://doi.org/10.2791/893975.

SMITH, A. [1776/1992]: A nemzetek gazdagsága. KJK, Budapest.

SPIGEL, B. [2017]: The relational organization of entrepreneurial ecosystems. Entrepreneurship Theory and Practice, 41. évf. 1. sz. 49–72. o. https://doi.org/10.1111/etap.12167.

STAM, E. [2015]: Entrepreneurial ecosystems and regional policy: a sympathetic critique. European Planning Studies, 23. évf. 9. sz. https://doi.org/10.1080/09654313.2015.1061484.

STAM, E.–VAN DE VEN, A. [2021]: Entrepreneurial ecosystem elements. Small Business Economics, 56. évf. 2. sz. 809–832. o. https://doi.org/10.1007/s11187-019-00270-6.

STUTZER, A.–FREY, B. S. [2004]: Reported subjective well-being: A challenge for economic theory and economic policy. Journal of Contextual Economics–Schmollers Jahrbuch, 124. köt. 2. sz. 191–231. o. https://doi.org/10.3790/schm.124.2.191.

SZERB LÁSZLÓ [2004]: A vállalkozás és vállalkozói aktivitás mérése. Statisztikai Szemle, 82. évf. 6-7. sz. 545–566. o.

SZERB, L.–ACS, Z. J.–AUTIO, E.–ORTEGA-ARGILÉS, R.–KOMLÓSI, É. [2013]: REDI: The Regional Entrepreneurship and Development Index – Measuring regional entrepreneurship. Final Report. European Commission, DG Regional and Urban Policy. https://ec.europa.eu/regional_policy/sources/studies/regional_entrepreneurship_development_index.pdf.

SZERB LÁSZLÓ–LAFUENTE ESTEBAN–RAPPAI GÁBOR–KEHL DÁNIEL [2021]: Összetett indexek gazdaságpolitikai alkalmazása: a Globális Vállalkozói Index. Szigma, 52. évf. 3. sz. 213–229. o.

UNDP [1990]: Human Development Report. Oxford University Press, Oxford.

VAN STEL, A.–CARREE, M.–THURIK, R. [2005]: The effect of entrepreneurial activity on national economic growth. Small Business Economics, 24. évf. 3. sz. 311–321. o. https://doi.org/10.1007/s11187-005-1996-6.

WELTER, F.–SMALLBONE, D. [2011]: Institutional perspectives on entrepreneurial behavior in challenging environments. Journal of Small Business Management, 49. évf. 1. sz. 107–125. o. https://doi.org/10.1111/j.1540-627X.2010.00317.x.

WENNEKERS, S.–THURIK, R. [1999]: Linking entrepreneurship and economic growth. Small Business Economics, 13. évf. 1. sz. 27–56. o. https://doi.org/10.1023/A:1008063200484.

WENNEKERS, S.–VAN STEL, A.–THURIK, R.–REYNOLDS, P. [2005]: Nascent entrepreneurship and the level of economic development. Small Business Economics, 24. évf. 3. sz. 293–309. o. https://doi.org/10.1007/s11187-005-1994-8.

WONG, P. K.–HO, Y. P.–AUTIO, E. [2005]: Entrepreneurship, innovation and economic growth: Evidence from GEM data. Small Business Economics, 24. évf. 3. sz. 335–350. o. https://doi.org/10.1007/s11187-005-2000-1.

WORLD ECONOMIC FORUM [2013]: Entrepreneurial ecosystems around the globe and company growth dynamics. World Economic Forum, Davos. https://www3.weforum.org/docs/WEF_EntrepreneurialEcosystems_Report_2013.pdf.

Published
2025-12-16
How to Cite
SzerbL. (2025). Entrepreneurship research and the biological metaphor of the entrepreneurial ecosystem. Hungarian Economic Review, 72(12), 1157–1178. https://doi.org/10.18414/KSZ.2025.12.1157
Section
Akadémiai székfoglaló előadás