The present paper assesses the interactions between innovation and economic institutions within the context of the … innovations on growth and inequality diminish as institutions increase in quality, and the effects of institutions can be … influenced by level of innovations. This indicates that while institutions and innovations can be inequality-inducing, their …

facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are … and innovation activity. Policymakers should therefore plan and implement pro-growth structural changes to institutions …Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture …