Table 3.

Pearson’s correlation coefficients between EE and predictor variables

FactorsEntrepreneurial ecosystem (r-value)
Culture0.663
Business environment (obstacles)−0.537
Regulatory framework (obstacles)−0.552
Finance0.487
City planning0.642
Business support services0.446
Entrepreneurial intention0.382
Human capital0.309
Note(s):

Practical and statistical significance where |r| ≥ 0.300. Business Environment and Regulatory Framework are obstacle measures; for the correlation analysis they are coded so that higher values indicate more severe obstacles, hence their negative correlations with the entrepreneurial ecosystem. Descriptive statistics (Tables 2 and 4) use the survey scale, where higher values indicate fewer obstacles

Source(s): Authors’ own work

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