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The study of entrepreneurship often focuses on the activities of the entrepreneur. While entrepreneurship is undertaken … discussing the institutional factors that encourage entrepreneurship, the ways in which economic models depict the economy are … discussed, pointing toward the different policy conclusions regarding entrepreneurship that emanate from different assumptions …
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The interplay between entrepreneurship and institutions is crucial for economic development; however, the view that … causality is bidirectional, in that entrepreneurship is also, for better or for worse, one of the main drivers of institutional …, actively try to alter them, or evade them. Particular attention is given to evasive entrepreneurship, an entrepreneurial …
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This paper develops a model of costly firm creation in an economy with weak institutions, costly business environment as well as skill gaps where one of the equilibrium outcomes is a low-productivity trap. The paper tests the implications of the model using a cross-sectional dataset including...
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