This paper seeks to shed some light on the influence that the characteristics of the local context in a given area and in adjacent ones exert on the entrepreneurial process. In order to make a distinction between the purely local factors and the role played by the neighbourhood, we mobilize the...

This paper provides a methodology based on General Variance Decomposition and Bayesian Model Averaging to estimate the degree of economic interconnectedness across different regions, and applies such methodology to a sample of 199 European NUTS2 regions in the period 1980-2008. The estimated...