Finance & Economics of Xinjiang ›› 2023, Issue (3): 57-68.doi: 10.16716/j.cnki.65-1030/f.2023.03.006

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Entrepreneurial Ecosystem, Regional Innovation and Entrepreneurial Vitality—Empirical Evidence from 96 Large and Medium-Sized Cities

LI Lei, WANG Donglei   

  1. Xinjiang University of Finance and Economics, Urumqi 830012, China
  • Received:2022-09-21 Online:2023-06-25 Published:2023-06-05

Abstract:

In the background of "mass entrepreneurship and innovation era", it is of great significance to explore the impact of entrepreneurial ecosystem on entrepreneurial vitality and its mechanism. The specific composition of entrepreneurial ecosystem is divided into direct participants, indirect participants and entrepreneurial environment, and the corresponding evaluation index system is constructed. Based on the panel data of 96 cities with high innovation and entrepreneurship activity in China from 2015 to 2019, the development level of different components of the entrepreneurial ecosystem is measured, and a spatial econometric model is established to explore the direct and indirect impact mechanism of the entrepreneurial ecosystem on entrepreneurial vitality. The results show that there are obvious differences in the development level of the three components of the entrepreneurial ecosystem in different cities, and the entrepreneurial vitality of cities shows the characteristics of spatial agglomeration. Direct subject participation, indirect subject participation and entrepreneurial environment index all have a significant positive impact on urban entrepreneurial vitality. The evolution and improvement of entrepreneurial ecosystem can directly enhance regional entrepreneurial vitality. On the basis of intermediary effect model test, it is found that the regional innovation effect is an important mechanism for the entrepreneurial ecosystem to indirectly promote entrepreneurial vitality.

Key words: entrepreneurial ecosystem, entrepreneurial vitality, regional innovation, mediating effect

CLC Number: