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management, and unsustainable forest exploitation in the form of illegal logging to explore deforestation and agricultural and … to increase deforestation by increasing both land conversion to agriculture and illegal logging. Contrary to current …, because higher prices stimulate illegal logging activity. Increased monitoring and stronger enforcement reduce illegal logging …
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This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10011608842
Policy interest since the early 1980s has focused in different ways on the crea-tion of a large, productive, taxable economy - in which entrepreneurship plays a role for employment, income growth and innovation. The current understanding of various forms of entrepreneurship remains incomplete,...
Persistent link: https://www.econbiz.de/10010271774
direction of entrepreneurial activity. Four key institutions are explored more closely: property rights protection, savings … policies, taxation and the regulation of labor markets. Institutions have far-reaching effects on entrepreneurship, and they … entrepreneurship to the institutional setup it is maintained that in-depth analyses of specific institutions are required in order to …
Persistent link: https://www.econbiz.de/10010320095
Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by … institutions to promote investment on the one hand and fighting financial allocation inefficiency by mitigating surplus liquidity … issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in …
Persistent link: https://www.econbiz.de/10011417473
This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. …
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