ABSTRACT
Spatial economics which does not incorporate entrepreneurship factors may fail to understand and identify key sources of regional development with regions that are open and creative able to attract human capital and enjoy more dynamic entrepreneurship (Huggins et al. 2013). In a competitive environment, entrepreneurs will be alert to opportunities and contribute to regional economic growth. However, changes in levels of entrepreneurship and contributions to regional economic development will take time to emerge, and as such, any effects are only seen in the long term. Alternatively, regions can be uncompetitive and lack entrepreneurial dynamism because they lack the key strengths which make leading regions prosper and develop.
