Carlos Albornoz Pardo, Alejandro Jiménez
The level of entrepreneurial activity is related to several factors such as the educational level of the local population, the business environment, and the legal conditions (Grilo and Thurik 2005; van Stel et al 2005; Bowen and De Clercq 2008). Some of these macro level factors can explain not only the entrepreneurial capabilities, but also the type of entrepreneurial activity that occurs.
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