resource measure, using alternative measures of both resources and institutions, and by studying different time periods. While … institutions are good enough. …

have low quality institutions, while the curse is reversed if institutions are good enough. Using new data we find that …

institutions, natural resource rents cease to have a negative impact on long-term growth. Institutions in resource-based economies …

This paper develops the empirical and theoretical case that differences in economic institutions are the fundamental … cause of differences in economic development. We first document the empirical importance of institutions by focusing on two … “quasi-natural experiments” in history, the division of Korea into two parts with very different economic institutions and …

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. …