Why are some regions more productive or successful than others? This book tries to answer this question by reviewing neoclassical economic theories and proposing a new framework to an “old economic problem; where to locate a firm in space” (Jovanovic 2009 p. xvii). Evolutionary economic...

We use aggregate country data as well as individual level survey to uncover, for the first time, the effect of extreme events such as natural disasters and terrorist attacks on entrepreneurial activity. We find that natural disasters and terrorist attacks influence individual perceptions of the...