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In relation to the macroeconomic paradigm of the Washington Consensus, the economics of transition disregarded, for a long period of time, both the essential significance of the institutional perspective and the preliminary need for institutional reforms. At least this is the case of several...
Persistent link: https://www.econbiz.de/10010675720
We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across … grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001 …
Persistent link: https://www.econbiz.de/10008854547
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 …
Persistent link: https://www.econbiz.de/10014335837
as main agents of entrepreneurship in the BiH. …
Persistent link: https://www.econbiz.de/10012012467
This paper shows how the interaction between conflict and growth can give rise to a nonmonotone relationship between property rights and social welfare. This interaction is illustrated in a model of endogenous growth in which equilibrium diversion of resources is the cost of securing effective...
Persistent link: https://www.econbiz.de/10014199843
Persistent link: https://www.econbiz.de/10010191026
institutions that facilitate or constrain the entrepreneurial initiatives and the economic activity in general. In terms of …
Persistent link: https://www.econbiz.de/10011724814
institutions that facilitate or constrain the entrepreneurial initiatives and the economic activity in general. In terms of …
Persistent link: https://www.econbiz.de/10010819114
A fundamental requirement of market economies is the security of ownership claims to property. Yet history is littered with cases of challenges to these claims. A large literature has found contradictory evidence for the effect of income and income inequality on revolt, possibly due to omitted...
Persistent link: https://www.econbiz.de/10010519062
institutions is conducive to opportunity entrepreneurship. Performing a sensitivity analysis, we construct a hypothetical, more …, institutions and transactions are exogenous for the economic and societal system. The paper aims to explore the roles of cultural …, transaction and institution characteristics in the determination of opportunity entrepreneurship, at the medium-term. A series of …
Persistent link: https://www.econbiz.de/10010506574