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The dynamics of entrepreneurial agglomeration formation: Social selection and simulation
From the facts that numerous regions with initially similar economic conditions end up with different levels of entrepreneurial agglomeration, this paper constructs a model assuming that the sequential entrants make their career choices based on existing entrepreneurial ratio and describing the dyna...
Autores principales: | , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2023
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10538723/ https://www.ncbi.nlm.nih.gov/pubmed/37768974 http://dx.doi.org/10.1371/journal.pone.0291615 |
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author | Tang, Yong Javeed, Sohail Ahmad |
author_facet | Tang, Yong Javeed, Sohail Ahmad |
author_sort | Tang, Yong |
collection | PubMed |
description | From the facts that numerous regions with initially similar economic conditions end up with different levels of entrepreneurial agglomeration, this paper constructs a model assuming that the sequential entrants make their career choices based on existing entrepreneurial ratio and describing the dynamics of entrepreneurial agglomeration formation. After mathematical analysis and numerical simulation using NetLogo, it is found that under social selection, a nonlinear Polya process with self-reinforcing and path-dependency characters will emerge, and the repeated entrants’ career choices will lead to the agglomeration of entrepreneurship; the agent’s risk compensation value, the initial population of agents, the number of role models in the early stage and the initial entrepreneurial ratio are determinants to the formation of entrepreneurial agglomeration. The findings confirm that entrepreneurship has “memory” and the entrepreneurial history could have influence on the future. In order to forge the entrepreneurial agglomeration, our suggestions include exerting influence on the determinants from an early age, and improving the individual’s risk-taking abilities. |
format | Online Article Text |
id | pubmed-10538723 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-105387232023-09-29 The dynamics of entrepreneurial agglomeration formation: Social selection and simulation Tang, Yong Javeed, Sohail Ahmad PLoS One Research Article From the facts that numerous regions with initially similar economic conditions end up with different levels of entrepreneurial agglomeration, this paper constructs a model assuming that the sequential entrants make their career choices based on existing entrepreneurial ratio and describing the dynamics of entrepreneurial agglomeration formation. After mathematical analysis and numerical simulation using NetLogo, it is found that under social selection, a nonlinear Polya process with self-reinforcing and path-dependency characters will emerge, and the repeated entrants’ career choices will lead to the agglomeration of entrepreneurship; the agent’s risk compensation value, the initial population of agents, the number of role models in the early stage and the initial entrepreneurial ratio are determinants to the formation of entrepreneurial agglomeration. The findings confirm that entrepreneurship has “memory” and the entrepreneurial history could have influence on the future. In order to forge the entrepreneurial agglomeration, our suggestions include exerting influence on the determinants from an early age, and improving the individual’s risk-taking abilities. Public Library of Science 2023-09-28 /pmc/articles/PMC10538723/ /pubmed/37768974 http://dx.doi.org/10.1371/journal.pone.0291615 Text en © 2023 Tang, Javeed https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Tang, Yong Javeed, Sohail Ahmad The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title | The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title_full | The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title_fullStr | The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title_full_unstemmed | The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title_short | The dynamics of entrepreneurial agglomeration formation: Social selection and simulation |
title_sort | dynamics of entrepreneurial agglomeration formation: social selection and simulation |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10538723/ https://www.ncbi.nlm.nih.gov/pubmed/37768974 http://dx.doi.org/10.1371/journal.pone.0291615 |
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