We present a simple model that illustrates how democracy may improve the quality of economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracy on institutional quality is increasing...

Drawing on institutional theory, this paper is aimed at providing further understanding and explanation to the Ghanaian telecom industry today. In particular the research sought to determine: how the industry was governed from the pre-reformation to the reformation period; the process of...

The aim of this paper is to analyze the difference between the rates of potential entrepreneurship and actual entrepreneurship in European and American context, trying to identify some of the explanatory factors. For this purpose an institutional approach is used, which includes the role of...

Every European Union enlargement has deepened economical divergence between member states and their regions. However, the economic aspect of this issue is only a part of a broad scope of reasons of its internal diversity, including also social, cultural or cognitive dimensions. The history of so...