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particular focus on developing countries (DCs). In particular, the same concept of "entrepreneurship" will be critically …
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destructive entrepreneurship. It is shown that the foundation of Baumol’s classificatory scheme is the restrictive concept of … first-best outcomes, and therefore it easily fails to appreciate the true impact of entrepreneurship in real world … circumstances characterized by suboptimal institutions. We present an alternative way of generalizing the notion of entrepreneurship …
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