Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official corruption, this paper examines whether formal sector productive (unproductive) entrepreneurial activity is associated with lower (higher) levels of informal economic activity....

Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth.This paper revisits each of...

This survey gives an overview of the theory of the firm as it is formulated within the contemporary 'mainstream' of economics. Two groupings of theories are briefly discussed: principal-agent and incomplete contract models. Next, three of the most recent contributions regarding firms are...