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Entrepreneurship Capital: Determinants and Impact
The authors suggest that entrepreneurial activity is not exogenous, but rather shaped by a number of factors specific to the particular location. Empirical evidence from the study indicates that the degree of spatially specific entrepreneurship capital is shaped by regional-specific factors reflecting both entrepreneurial opportunities and the entrepreneurial capabilities.
Link
ftp://papers.mpiew-jena.mpg.de/egp/discussionpapers/2004-37.pdf