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of formal and informal institutions based on data available from the 2000s onward. We employ principal component analysis …
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In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions … entrepreneur may earn large rents by circumventing institutional impediments. Paradoxically, institutions may be less of a … evasive entrepreneurship may be able to prevent economic development from being sti-fled by existing institutions during times …
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strong performance in technological innovation. …
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