Objective: The objective of the article is to test the bidirectional association of institutions and entrepreneurship … role of institutions in entrepreneurial activity, while ignoring the role of entrepreneurship in the building of … institutions. We estimate how institutions and entrepreneurship relate to each other and contribute to economic growth. For the …

The study of entrepreneurship often focuses on the activities of the entrepreneur. While entrepreneurship is undertaken … discussing the institutional factors that encourage entrepreneurship, the ways in which economic models depict the economy are … discussed, pointing toward the different policy conclusions regarding entrepreneurship that emanate from different assumptions …