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This policy paper is part of a discussion series on subject of growth and economic performance at the New Zealand Ministry of Economic Development in 2004. It provides a brief view of growth and social change taken from the perspective of market process theory in order to establish the following...
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This paper explores the institutional factors that encourage opportunity entrepreneurship in order to achieve higher rates of economic growth. We suggest that institutions may not have an automatic effect, as is typically assumed in growth models. Rather, a mechanism is required to serve as a...
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regulatory dimension of institutions and entrepreneurship have a strong bidirectional relationship - as we expected - while the … normative dimension of institutions and entrepreneurship have a unidirectional association. These two interrelated factors … stimulate economic growth. Implications & Recommendations: Policymakers should create a more friendly regulatory environment for …
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The study of entrepreneurship often focuses on the activities of the entrepreneur. While entrepreneurship is undertaken by individuals, the degree to which individuals are entrepreneurial, and the directions in which their entrepreneurial actions take, are the result of the institutional...
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