Confirmatory Factor Analysis of Local Entrepreneurship in Smart Economic Cities in Thailand.
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Creator Pakorn Soodsaen
Title Confirmatory Factor Analysis of Local Entrepreneurship in Smart Economic Cities in Thailand.
Contributor Watcharin Sirawajanakul
Publisher Graduate School of Public Administration, National Institute of Development Administration (NIDA)
Publication Year 2568
Journal Title Journal of Public and Private Management
Journal Vol. 32
Journal No. 1
Page no. 41-64
Keyword Entrepreneurship, Local Entrepreneurship, Smart Economy, Smart Cities, Smart Economy Cities, Confirmatory Factor Analysis
URL Website https://so03.tci-thaijo.org/index.php/ppmjournal/article/view/288440
ISSN 3057-1146
Abstract 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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