Purpose: The purpose of this paper is to examine the influence of formal rules such as business regulation and rule of law on the level of formal entrepreneurship in Latin America countries over time. Design/methodology/approach: The authors use the panel regression techniques to examine the...

Military spending can have positive or negative impact on economies. In the empirical literature, there is evidence for both hypotheses. In practice, the effect of military spending on the economy will depend on the geographic context and the type of military spending. The Middle East and North...