is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment …

This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

knowledge. This article departs from past studies by considering the importance of informal institutions for youth participation … logistic regression on the matched sample to link informal institutions to youth participation in agribusiness. Results … highlight that agribusiness-unfriendly informal institutions discourage youth participation in the agribusiness sector. Though …

play an important role in helping entrepreneurs to circumvent the barriers arising from imperfect domestic institutions in …