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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...
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Institutions are strikingly absent from most economic theory, certainly from growth theory.In standard theory it is …
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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 …
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both public choice and transaction costs theory - have not yet provided a fully comprehensive explanation for municipal …
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theory the closure argument and the gossip argument describe thisrelation. These two arguments do not distinguish between …
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