direction of entrepreneurial activity. Four key institutions are explored more closely: property rights protection, savings … policies, taxation and the regulation of labor markets. Institutions have far-reaching effects on entrepreneurship, and they … entrepreneurship to the institutional setup it is maintained that in-depth analyses of specific institutions are required in order to …

Recent research has highlighted the role of institutions in channeling entrepreneurs into activities with positive or … reveals the bilateral causal relation between entrepreneurs and institutions. Core features of the entrepreneur force us to … view its effects on institutions as more than mechanic general equilibrium adjustments. Three analytically separate …

Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … institutions - entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

classify the budding research field that explores the interplay between institutions and entrepreneurship. Institutions channel … development of nations. What's more, entrepreneurship is not only influenced by institutions - entrepreneurs often shape … institutions themselves. Entrepreneurship abiding by existing institutions is occasionally disruptive enough to challenge the …