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product and labor markets and the general absence of regulation in the economy. The first approach employs meta-analysis data … data collection we get a robust result relating higher levels of market orientation as proxied by the Economic Freedom …
Persistent link: https://www.econbiz.de/10013316922
The relationship between economic and political liberalization has received a great deal of attention lately, yet the … function of de jure financial liberalization, this non-linearity obtains …
Persistent link: https://www.econbiz.de/10013157255
-growth ventures. We find that institutions exert different effects on entrepreneurial entry and on the individual choice to launch …
Persistent link: https://www.econbiz.de/10013155593
In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining...
Persistent link: https://www.econbiz.de/10012763926
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits among individuals, a significant component of the differences in inequality across societies can be attributed to variation in...
Persistent link: https://www.econbiz.de/10014340990
Institutions are now widely believed to be important in explaining performance. In this paper, we analyze whether … commonly used measures of institutions have any significant, measurable impact on performance, whether of countries or firms …. We look at three 'levels' of institutions and associated conjectures. The first concerns whether the political system …
Persistent link: https://www.econbiz.de/10013136777
innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … robust even after controlling for the effect of institutions and other factors. We also provide evidence of a two-way causal … effect between culture and institutions …
Persistent link: https://www.econbiz.de/10013137795
I review theories and evidence on wage-setting institutions and labor market policies in an international comparative … the income insurance these institutions do, these policies may enhance economic efficiency. However, to the extent that … then review evidence on the impacts of these policies and institutions. While the interventionist model appears to cause …
Persistent link: https://www.econbiz.de/10013139696
We conceptualise social entrepreneurship as a source of social capital which, when present in the environment, enhances commercial entrepreneurship. We also argue that social entrepreneurship should be recognised as a second form of Baumol's (1990) productive entrepreneurship and that it will...
Persistent link: https://www.econbiz.de/10013123596
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10013107710