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Kilström, Matilda; Roth, Paula - 2022

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who become entrepreneurs by limiting the downside...

Persistent link: https://www.econbiz.de/10013161870

Capital flows and endogenous growth

Komarov, Evgenij - 2021 - This version: November 18, 2021

So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...

Persistent link: https://www.econbiz.de/10012696550

Who are the champions? : inequality, economic freedom and the olympics

Kufenko, Vadim; Geloso, Vincent - 2019

Does a countrys level of inequality affect its ability to win Olympic medals? If it does, is it conditional on … institutional factors? We argue that the ability of economically free societies to win medals will not be affected by inequality. In … out those of inequality. In unfree societies, the incentives that promote investments in skills across the income …

Persistent link: https://www.econbiz.de/10012145428

Modeling institutional evolution

Neyaptı, Bilin - 2010

This paper proposes an original formal framework to analyze institutional evolution. Institutions have formal (F) and informal (N) aspects that may evolve at different paces, although eventually converging towards each other through an dynamic interactive process. N evolves with capital...

Persistent link: https://www.econbiz.de/10008669957

Transition, integration and convergence : the case of Romania

Iancu, Aurel - 2010

This volume comprises several studies and papers published in the last decades. They have been selected and ranged so that to provide a minimum of coherence concerning the phases which Romania has crossed in her way to the advanced socio-economic system of European type: transition to the market...

Persistent link: https://www.econbiz.de/10010529088

Institutional convergence

Iancu, Aurel - 2009

In this chapter, we describe the essence and role of the institutions in the modern economic systems, the main issues concerning the institutional convergence in relation to the EU integration, the institutional capital and the impact of the quality and effectiveness of the institutions on...

Persistent link: https://www.econbiz.de/10010529090

Institutions and venture capital

Lerner, Joshua; Tåg, Joacim - 2012

We survey the literature on venture capital and institutions and present a case study comparing the development of the venture capital market in the US to Sweden. Our literature survey underscores that the legal environment, financial market development, the tax system, labor market regulations,...

Persistent link: https://www.econbiz.de/10009410320

The rise and fall of enforcement institutions : an example of religion and secularism

Ciaian, Pavel; Pokrivčák, Ján; Kancs, D'Artis - 2011

Societies in Western civilisation enforce their rules through formal institutions such as secularism (SES), whereas in less developed civilisations often rely on informal institutions such as religion (RES). The present paper attempts to explain the determinants of societies’ choice between...

Persistent link: https://www.econbiz.de/10011524872

Clans, guilds, and markets : apprenticeship institutions and growth in the pre-industrial economy

De la Croix, David; Doepke, Matthias; Mokyr, Joel - 2016

In the centuries leading up to the Industrial Revolution, Western Europe gradually pulled ahead of other world regions in terms of technological creativity, population growth, and income per capita. We argue that superior institutions for the creation and dissemination of productive knowledge...

Persistent link: https://www.econbiz.de/10011455581

Toward a theory of Smart Institutions

Goorha, Prateek; Mohan, Vijay - In: Journal of economic structures : JES; the official … 5 (2016) 15, pp. 1-23

We present an analytical approach to institutional analysis that draws inspiration from control process engineering in the physical sciences. We characterize smart institutions as having three foundational features. First, smart institutions are context sensitive and expressly allow for a...

Persistent link: https://www.econbiz.de/10011487834

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