constraints on productive entrepreneurship would require that the decline in level-two institutions, such as democracy and science …We review Baumol's typology of productive, unproductive and destructive entrepreneurship. We argue that the typology is … the thesis that entrepreneurship has become less productive, due to the unintended effects of entrepreneurship policies …

as main agents of entrepreneurship in the BiH. …

economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …

This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …

failures, trade barriers, policy inefficiencies and the quality of institutions. A conducive business environment, is essential … entrepreneurship competencies, management and workforce skills, technology, innovation, and networks, is also critical to enable SME …

-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. The model assumes … wealthy people are more able to afford the costs of entrepreneurship. Wealth concentration therefore stimulates … entrepreneurship among the rich and so aggregate growth, whose fruits in turn are largely captured by the rich. This process creates a …