, institutions and transactions are exogenous for the economic and societal system. The paper aims to explore the roles of cultural … institutions is conducive to opportunity entrepreneurship. Performing a sensitivity analysis, we construct a hypothetical, more …

economic development. To answer this question, a new concept of the institutions-augmented Solow model is constructed. The … institutions-augmented Solow model fits the empirical data very well. It turns out that differences in physical capital, human … differences in economic development among the countries of the world. According to the institutions-augmented Solow model, the …

Objective: The objective of the article is to test the bidirectional association of institutions and entrepreneurship … role of institutions in entrepreneurial activity, while ignoring the role of entrepreneurship in the building of … institutions. We estimate how institutions and entrepreneurship relate to each other and contribute to economic growth. For the …

This study aims to determine whether big business or institutions comprise a more significant entrepreneurship … effective for these two different entrepreneurship types. To this end, we compare the effects of big businesses and institutions …, big businesses and institutions while controlling for the demand- and supply-side factors that influence entrepreneurship …

The contention that “inclusive” institutions are the deep determinants of economic growth remains unsatisfactory. This … the feedback loops among institutions, political power and economic structures, thus, markets on their own will not ensure …

Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture … facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are … and innovation activity. Policymakers should therefore plan and implement pro-growth structural changes to institutions …