Nowcasting Entrepreneurship: Urban Third Place versus the Creative Class

Abstract

Researchers have long debated whether entrepreneurship policy should focus on place or people. In this paper, we extend the place-based versus people-based theories using contemporaneous and geographically granular web-user online activity data to predict a region’s proclivity for entrepreneurship. We compare two theoretical hypotheses: the urban third places—informal gathering locations—that facilitate social interaction and entrepreneurship, in contrast to the creative class which fosters entrepreneurial energy and opportunity in a region. Specifically, we assess whether business formation has a stronger statistical relationship with the browsing behavior of individuals visiting websites associated with third place locations—e.g., restaurants or bars—or the concentration of web browsing behavior associated with “the creative class”. Using U.S. county-level data, we find that both urban third places and the creative class can predict about 70% of the variations in regional business formation, with the creative class having a slight competitive edge.

Anteseden Niat Kewirausahaan Berkelanjutan Gen Z Kawasan Smart City Semarang: Apakah Teknologi dan Pemerintah Daerah Berperan?

“…Suksesnya pengelolaan smart city erat hubungannya dengan penggunaan teknologi di seluruh kota. Penggunaan teknologi untuk memperkuat tata kelola perkotaan dalam smart city dapat ditingkatkan dengan mempelajari interaksi inovasi teknologi perkotaan dan tata kelola dalam konteks kawasan perkotaan (Fang & Slaper, 2022). Perspektif dan inovasi sosial dapat diterapkan untuk memperbaiki sektor publik di negara berkembang (Zhou, Meng, & Lin, 2020).…”

Social and Creative Hubs as the Third Places of Post-Covid Era

“…Other programs held at both case studies such as analogue photography workshops and artisan markets also support this new trend of post-pandemic entrepreneurship. Fang and Slaper (2022) establish that the essential ingredients of entrepreneurship include social interaction and relationship buildingwhich can be facilitated through urban third places. This is parallel to some recent studies on third places, for example, Magkou and Pelissier (2021) refer to this phenomenon as the evolution in the way of working and describe how this opportunity allows "the co-existence of interdisciplinary artistic practice".…”