Corporate philosophies of multiple financial institutions, including development banks, address regional economic development as their corporate driver. Regardless the latter, regional development financial institutions usual priority focuses primarily on individual application credit risk assessment, without a designed long term policy to impact strategic industries and its regional key economic objectives. With a transdisciplinary approach that involves a number of engineering (engineering economics, mathematical programming) and non engineering disciplines (finance, accounting, banking, policy making) that takes into account the full set of stakeholders (credit applicants, financial institutions, society at large, governments, among others), the contribution of this work impact the future of engineering practice by providing a framework (a method that includes a ready to use decision support tool) to design a transdisciplinary credit allocation policy that financial institutions could rely on to have a targeted aim significant impact in the strategic economic transformation of focused regions. A numerical illustration is provided to highlight the specifics of this transdisciplinary policy for the benefit of practitioners and society.
Defining vibrancy as the levels of entrepreneurial activity promoted by the coordination of the network and the cooperation that represents an entrepreneurial ecosystem, practitioners and academicians have identified core attributes to create value based on the complex connection of factors to make it vibrant. Nevertheless, some ecosystems do not have efficient activity levels or are not well interconnected, preventing all stakeholders’ total involvement or spillover (value creation and outcomes such as socio-economic development, well-being, and happiness). The contribution of this work is to use a transdisciplinary spatial method (used in measuring the spatial concentration of airline traveling) to measure the vibrancy of an entrepreneurial ecosystem. The framework procures the measurement of vibrancy and its sustainability for value creation in turbulent environments. A vibrant entrepreneurial ecosystem imbues regional development. A case will present a numerical comparison between the level of vibrancy between ecosystems and illustrations of its activity levels for the creation of networks and regional development.
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