entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …

'). The more generalized trust is, it is expected that there will be more cooperation. Furthermore strong institutions that … role of institutions; since it is difficult to evaluate the effective contribution of formal institutions to economic … performance. The simple existence of institutions, understood as formal 'rules of the game', does not guarantee that they are …

entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity … evidence on transition economies. -- credit constraints ; distribution ; economic development ; entrepreneurship ; institutions …

economy with imperfect political institutions. In a capital-scarce economy, an autocrat catering to the needs of landowners … chooses to shelter the economy from trade. The resulting trade regime interacts with economic institutions, and with policies … on capital mobility, to govern capital accumulation. A landed autocrat neglects to improve institutions and blocks …