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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...

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Detalles Bibliográficos
Autores principales: Tang, Yong, Javeed, Sohail Ahmad
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2023
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.
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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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