Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official corruption, this paper examines whether formal sector productive (unproductive) entrepreneurial activity is associated with lower (higher) levels of informal economic activity....

Firm growth is considered to be one of the main drivers of economic growth. Whether adequate access to external finance is an important factor for firm growth is still a point of debate in literature. In this paper, we study the relationship between firms’ access to finance and their...

This paper proposes that a virtuous circle for the sustainable develop- ment of a city or region is achieved through a process whereby proactive and strong leadership and effective institutions enhance the capacity and capability of a place to better use its resource endowments and gain an...

Recent literatures on entrepreneurship and economic growth estimate the empirical relationships between the following pairs of variables: (1) institutions and entrepreneurial activity; (2) institutions and economic growth; and (3) entrepreneurship and economic growth. This paper revisits each of...

In this paper, we make an attempt to understand what factors have caused some states to grow faster than others.

The China-Pakistan Economic Corridor (CPEC), a multibillion-dollar infrastructure investment project, is heralded as a game changer for Pakistan's economy. It is part of the major development initiative led by China, known as ‘One Belt, One Road' (OBOR), connecting Asia with Europe, the Middle...

In this paper we investigate the relationships between informal institutions – proxied for by measures of religiosity – and levels of entrepreneurial activity, both productive and unproductive, using cross-section U.S. state level data. In doing so, we evaluate Baumol’s (1990) conjectures...

The contribution of this paper to the social capital literature is twofold. Drawing on the Italian data, it firstly provides a new framework for measurement, allowing to build indicators for five different components of the multidimensional concept of social capital. Secondly, it provides a...

The study assessed the impact of geographicalfactors on the development of rural communities in Benue state.Primary data (on living standard, employment, social inclusion,climate, location, resources, and environmental stability) weregenerated through mixed questionnaires administered to...