Abstract: Entrepreneurship plays an important role in increasing employment, promoting technological innovation and driving economic growth.This paper constructs the hypothesis of regional entrepreneurial performance differences by using the principle of spatial dependence and circular cumulative causality, and expounds the formation mechanism of regional entrepreneurial performance differences.The empirical results show that there is a significantly positive spatial autocorrelation in China′s entrepreneurial performance, the direct impact of geographical location on entrepreneurial performance can not be ignored, and the heterogeneity impact of knowledge elements and marketization level on regional entrepreneurial performance is the main reason for regional entrepreneurial performance differences;from the perspective of spatial effect decomposition, under the condition of the whole sample, the direct effect of knowledge elements is significantly positive, while its indirect effect and total effect are not significant, indicating that the direct promotion effect of knowledge elements on entrepreneurial performance in the province is significantly greater than its indirect spillover effect;the direct effect and total effect of marketization level are significantly positive, which reflects that the marketization level of the province has a promoting effect on its entrepreneurial performance, and can promote the improvement of the entrepreneurial performance level of neighboring provinces. Therefore, knowledge elements and marketization level play an important role in the development of entrepreneurial economy.

Key words: entrepreneurial economy, regional entrepreneurial performance, knowledge elements, marketization level