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both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal …
Persistent link: https://www.econbiz.de/10011382498
This paper identifies the specific external barriers to SME development in Lithuania. An analysis of 332 SME owners reveals that formal barriers (taxes, frequent changes to and ambiguity of tax policies) and environmental barriers (low purchasing power, lack of funds for business investment)...
Persistent link: https://www.econbiz.de/10011326972
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
Persistent link: https://www.econbiz.de/10011300556
Institutions are strikingly absent from most economic theory, certainly from growth theory.In standard theory it is …
Persistent link: https://www.econbiz.de/10011300567
paper deals with the determinants of entrepreneurship. An eclectic theory ofentrepreneurship is introduced. This eclectic … theory provides an integrated framework,drawing on disparate strands of literature, to create a better understanding of the …
Persistent link: https://www.econbiz.de/10011316884
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penalize poorly performing entrepreneurs by terminating their projects. Based on this tradeoff we develop a theory of financing …
Persistent link: https://www.econbiz.de/10011378146