Confirmatory Factor Analysis of Local Entrepreneurship in Smart Economic Cities in Thailand.
Keywords:
Entrepreneurship, Local Entrepreneurship, Smart Economy, Smart Cities, Smart Economy Cities, Confirmatory Factor AnalysisAbstract
This study aims to examine the confirmatory factor analysis (CFA) of a measurement model for local entrepreneurship in the context of smart economy cities in Thailand. The model consists of 12 observed variables that reflect essential entrepreneurial characteristics based on the model of entrepreneurship elements proposed by Schaper et al. (2014). The findings indicate a good model fit with empirical data, with all observed variables showing statistically significant factor loadings. Variables related to economic participation, digital competency, and innovation support displayed the highest loadings, highlighting the importance of innovation and digital dimensions in shaping effective local entrepreneurship. The study suggests the necessity of enhancing digital infrastructure, fostering entrepreneurial capacity, and supporting the development of localized entrepreneurial ecosystems.
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