arrangement, the marriage system is prone to failure as a result of covariant risk and information and enforcement problems. It is …

claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question … group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels …

the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch … about the effects of risk aversion on selection into entrepreneurship. …This paper proposes that risk aversion encourages individuals to invest in balanced skill profiles, making them more …

Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the … effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other …

-95. Estimation results suggest that (particularly state) institutions are significant for growth and, especially, foreign direct … investment (FDI), the latter in turn being important for the former. It is also found that the correlation between institutions … growth performance in transition countries than institutions per se. This suggests that macroeconomic stabilization and peace …

estimate gravity equations to investigate how trade patterns are affected by variation in the quality of institutions across … countries. The results show that institutions matter most for trade in differentiated goods. This variation in the importance of …

restructuring, ownership, competition, budget constraints and, particularly, institutions in Russian industry, covering the period … relatively positive assessment of formal and informal institutions respectively, and largely the same ruling networks as before …) reform has been accomplished. That is: stronger competition and better institutions go with more restructuring, while …

This paper studies the effect of institutions on trade flows, using a gravity model approach. We start from a standard … gravity equation that incorporates geographical proximity, language, trade policy and common history. These factors reflect …-18%. Furthermore, a better quality of formal institutions tends to coincide with more trade. An increase in regulatory quality of one …