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 …

effects of risk aversion on selection into entrepreneurship. …This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more … the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch …

article develops a transparent method to determine the environmental impact of indirect government subsidies and derive policy … transport. The results reveal large environmental effects, which need to be taken seriously by policy makers. The method enables … policy makers to evaluate the environmental impacts of indirect government subsidies. …

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 …

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

, economic resources, and to documented cross-national variation in labor market and social security institutions. Differential …

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 …

results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …