Since the collapse of communism, Poland has distinguished itself as one of the best performing economies in the European Union. However, the recent deceleration in growth has raised concerns about a “middle income trap”. Poland ranks among the lowest in the European Union on various measures...

The diffusion of new information technology (IT) requires the development of an ecosystem of hardware and software producers, users, and other firms. It is widely believed that venture capitalists (VCs) can play a role in the development of such ecosystems. However, empirical research to...