Longitudinal data from interviews with Poles of working age conducted in 1988, 1993 and 1998 combined with longitudinal firm-level data present a detailed view of the transition from a state-dominated to a market economy. Job losses in state firms and job creation in new private firms are the...

It is increasingly apparent that widespread entrepreneurial activity is central to economic growth and to any market economy. A high level of this activity depends upon the willingness of individuals to start new firms, to work for new firms, and to encourage those who do both. This study...

A model based upon the common concept of rent-seeking behavior avoids an exclusive focus on the pecuniary motive in private institutions and the power motive in public institutions. Using this model, the case for privatization ranges from very strong to unpersuasive, with some fascinating...

We develop the empirical implications of Page's (2006) definition of path dependence as a process where the sequence of historical events affects the final outcome. A critical necessary condition for path dependence in common dynamic models is a time-varying autoregressive parameter whose value...