Political and legal institutions affect the extent to which the real exchange rates of oil-exporting countries co …-move with the oil price. In a simple theoretical model, strong institutions insulate real exchange rates from oil price …

We survey the literature on venture capital and institutions and present a case study comparing the development of the … development, the tax system, labor market regulations, and public spending on research and development correlates with venture … an active venture capital market in Sweden compared to the US. In particular, a later development of financial markets …

-functioning external market for entrepreneurial effort, limited access to external capital and the complementarities between …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … prosperity. Where well-protected private property rights and supporting, market-enhancing institutions flourish, so do … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the …

institutions to change for the better. Lastly, entrepreneurs can directly alter institutions through innovative political …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 …

strong economic development in Sweden during the last two decades, namely product market reforms and incentives to innovate …s and offers ideas for additional policy reforms that would pave the way for continued successful economic development. …

, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These …

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. …

. We analyze institutions and policies conducive to structural transformation, in particular the expansion of high …-growth firms (HGFs), since they have empirically been shown to contribute disproportionately to economic development. <p> Firm … a number of institutions that encourage the creation of HGFs and promote structural transformation. In particular, our …