institutional environment. In this paper, we address these issues by modeling the joint evolution of institutions and culture. In …

We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to … into the United States, comprehensive data for quantifying immigrant entrepreneurship are difficult to assemble. We combine …

Understanding the factors that may produce a sustained rate of innovation is important for promoting economic … development and growth. In this paper, we examine the role of human capital in firms’ innovation by using a large sample of … small and medium sized cities. Patent applications are used as the measure of innovation. Human capital indicators used …

entrepreneurship. Here, we investigate analytically and quantitatively the trade-off between transaction costs saved and creative … entrepreneurs that are caused to continue a business, always lose relative to their status in an economy without continuation …

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …

Can culture explain persistent differences in economic activity among individuals and across regions? A novel measure … differences persist over generations and independent of the predominant culture at the current location. Yet, founders' ancestry …