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This paper aims towards better understanding the role of entrepreneurship in fragile states, which despite the practical interest and relevance has been somewhat disregarded in academic research. Given the necessity to support policy formulation with appropriate and relevant measurement of...
Persistent link: https://www.econbiz.de/10010280212
Persistent link: https://www.econbiz.de/10011956950
We investigate the impact of slavery on the current performances of the US economy. Over a cross section of counties, we find that the legacy of slavery does not affect current income per capita, but does affect current income inequality. In other words, those counties that displayed a higher...
Persistent link: https://www.econbiz.de/10010278600
development. Chapters 5 and 6 contribute to the debate on the effect of political and fiscal institutions on budgeting … inequality, institutions, and economic and infrastructure policies can influence welfare and political stability. Chapter 2 … institutions and health expenditure; (III) The common interest of health and the economy: Evidence from Covid-19 containment …
Persistent link: https://www.econbiz.de/10013164116
Entrepreneurship is generally regarded as a force of change, innovation, and development in modern economies … productive activities. We show that in this model two stable equilibria can emerge. As Baumol (1990) hypothesized, institutions … the importance of high quality institutions in developing countries and sheds light on the situation in conflict and post …
Persistent link: https://www.econbiz.de/10010280147
substantially during the last decades. At the same time, the quality of institutions in developing countries has also improved. The … literature investigates whether international migration can be an important factor for institutional development. Overall, the … findings indicate that emigration to institutionally developed countries induces a positive effect on home-country institutions. …
Persistent link: https://www.econbiz.de/10011573697
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to...
Persistent link: https://www.econbiz.de/10010273479
entrepreneurship and development economics suggest that unpacking the black box nature of institutions may benefit from incorporating …It is often claimed that entrepreneurship is indispensable for economic growth and development. These claims are mostly … generated by scholars working in the field of entrepreneurship and management studies. In contrast, development economics …
Persistent link: https://www.econbiz.de/10010273517
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual …-level, idiosyncratic risk implies that distinct risk-sharing institutions - even those providing the same level of insurance - can lead to … different growth trajectories if they differently motivate risk-taking. Historically, risk sharing institutions were selected …
Persistent link: https://www.econbiz.de/10010278525
disease burden, etc. It demonstrates that relative influence of institutions varies across stages of development. …The paper aims to examine the role of institutions relative to economic policy and geography in explaining the … differential level of development across countries over time. To that end, it attempts to construct a Development Quality Index …
Persistent link: https://www.econbiz.de/10010316763