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There are many global and national analyses that provide conclusive scientific support to various theses which stress the importance of entrepreneurship. In this article, based on the relevant data from Croatian counties, we specifically examine the mutual dependence and dual causality of the concepts of regional development and entrepreneurial activity. We apply correlation and dynamic panel data analysis on the set of data from Croatian counties with levels and relative changes of thedoi:10.1080/1331677x.2015.1084237 fatcat:e62u2e2dvzckfln3rysel5zg3y