Page 87 - 1-Entrepreneurship and Local Economic Development by Norman Walzer (z-lib.org)
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76 Norman Walzer, Adee Athiyaman, and Gisele F. Hamm
The second set of equations—the structural equations, highlights the hy-
pothesized causal relationships among the theoretical concepts. In matrix
notation, the structural equations for the model can be represented as
Structural Equations
Similarly, the measurement model is written as:
Measurement Equations
In order to estimate the model, 15 measured variables are used. In all,
these 15 variables contain 120 measured variances and covariances. In line
with Bentler (1993), one path is fixed from each theoretical contruct to a
