Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing … economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the …

Entrepreneurship plays a pivotal role for institutional change and economic development in transition and developing … economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the …

evasive entrepreneurship may be able to prevent economic development from being stifled by existing institutions during times …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 …

prevalent in the long term. If this prediction is true, countries should converge in their political and economic systems toward … institutions, drawing on the literatures of economic convergence and of industrial organization. We use the Economic Freedom of the … World-index over the period 1970-2009 to proxy for economic institutions. Our results indicate that countries with lower …

of formal and informal institutions based on data available from the 2000s onward. We employ principal component analysis …

) taxation, iii) savings and finance, iv) labor market regulations and social security, v) entry and exit barriers in product …