simple theoretical model where risk-sharing may be either private or provided through the welfare state by means of taxation …

-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …

, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These … ; Institutions ; Firm growth ; Economic dynamism …

basic premise is that entrepreneurship is a central driver of economic renewal and change, and that institutions affect both … the supply and direction of entrepreneurship. While local institutions always develop and operate against the backdrop of … and stringency of enforcement) and informal (e.g., attitudes and social legitimacy) institutions. We further argue that …

In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions … entrepreneur may earn large rents by circumventing institutional impediments. Paradoxically, institutions may be less of a … evasive entrepreneurship may be able to prevent economic development from being sti-fled by existing institutions during times …

for growth. To secure industrial dynamics and growth in the long term, institutions must be designed both to encourage …