The key factors affecting entrepreneurship: a comparative analysis

The purpose of the article is to identify the factors determining the rate of entrepreneurship in selected regions of Poland and the Czech Republic, two neighboring countries, within the period 2007 – 2017. This period includes the time of the financial and economic crisis, which could have influenced the entrepreneurship determinants in the regions under study in varying degrees. The differentiation of the impact of selected variables on the entrepreneurship rate had its basis in many elements. To achieve this objective, the following research methods were used: presentation of statistical data, statistical and econometric research methods – the logarithmic panel model with delays. The article also emphasizes the importance of entrepreneurship for the development of a country’s economy. Considering the high level of competitiveness in local and global markets, enterprises should pay increasing attention to micro-environment and some regional conditions, because an enterprise depends on these conditions and may influence many of them. The results of the research and thus the contribution and their added value are as follows: an increase in local entrepreneurship is positively transferred to the growth of international entrepreneurship, while R&D expenditure and average remuneration in the economy are the crucial factors influencing the development of entrepreneurship.