institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by …

Africa is still struggling. Traditional models of entrepreneurship and innovation were tailored for industrialized economies …. Developing world and Africa face different constraints, to cite only low purchasing power and inefficiency of institutions …. Frugal innovation is a new paradigm of affordable innovations to deal with resource scarcity in developing economies …

growth and convergence of an economy towards the world technology frontier. -- Growth ; skills ; innovation ; selection …

Why do some societies fail to adopt more efficient political and economic institutions in response to changing economic … productivity, cultural beliefs and institutions. In our model, production shocks that benefit one sector of the economy may induce …

Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do … institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with … prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital …