This paper uses panel data regression analysis to investigate the impact of entrepreneurship and institutions on the competitiveness of the European Union (EU) regions. It also employs data envelopment analysis to assess the efficiency of each EU region in converting each factor of...

The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with more knowledge conditional on the commercialization efficiency of incumbents, which limits entrepreneurial discovery. We extend the theory to contend that localized competition...