differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical …

differences in financial development, contracting costs or regulation. We find cross-country correlations between vertical …

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 …

-employment. -- Entrepreneurship ; Innovation ; Institutions ; Regulation ; Self-employment …

The creation of optimal land institutions attracted renewed attention in the 1990s because of its central role in the … largescale land investments in developing countries. This paper documents the existence of large variations in land institutions … (markets and regulation) using current and historical data from Western and Eastern Europe. It then offers explanations for …