Petrakis, Panagiotis E.; Valsamis, Dionysis G.; Kafka, … - In: Journal of Innovation & Knowledge (JIK) 2 (2017) 3, pp. 97-105
Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are distorted, growth can become permanently stagnant, with...