The knowledge spillover theory of entrepreneurship predicts that entrepreneurial activity is greater in regions with … extend the theory to contend that localized competition impedes entrepreneurial activity by reducing the incentive to exploit …

of physical and human capital can be observed. In this regard, the economic development of Taiwan is considered to be a … corporate sector. Advocates of Austrian economics like Schumpeter and Kirzner highlighted entrepreneurship to promote economic … entrepreneurship has to involve market and firm characteristics as well as their evolution in the course of time. In the following, the …

is better" theory. We hope to contribute to this debate with our detailed analysis. In order to test our hypothesis …), while the Global Entrepreneurship and Development Index (GEDI) was used to demonstrate country level entrepreneurial …