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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
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
This paper first searches for the drivers of the Greek depression in the aftermath of the 2007-8 global crisis and in turn looks for engines of sustained growth. We use a micro-founded macroeconomic model calibrated to Greece. Our simulations show that the adopted adjustment program (namely, the...
Persistent link: https://www.econbiz.de/10012195896
Persistent link: https://www.econbiz.de/10013190267
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 …
Persistent link: https://www.econbiz.de/10011877006
-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 …
Persistent link: https://www.econbiz.de/10011886966
The present paper assesses the interactions between innovation and economic institutions within the context of the … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …
Persistent link: https://www.econbiz.de/10014434530
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/10010301274
several country-specific characteristics, including the quality of institutions. …
Persistent link: https://www.econbiz.de/10013380766