In this paper, I develop a descriptive process model of regional entrepreneurial transformation based on a conceptualization of regional economies as self-organizing complex systems that consist of interdependent subsystems as represented by heterogeneous actor groups. It is proposed that a...

Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by institutions—entrepreneurs often help shape institutions...