Entrepreneurship capital is defined as "a region's endowment with factors conducive to the creation of new businesses" and it exerts a positive impact on the region's economic output. The production function model is developed to test this positive impact and the model is estimated for various...

Economics traditionally identifies three types of capital as engines of economic growth: physical capital, knowledge capital, and social capital. The concept of entrepreneurship capital is introduced and suggests it also is an important factor shaping economic performance. Entrepreneurship...