Institutions and Entrepreneurship Quality
TL;DR: In this paper, the authors used a sample of 70 countries over the period of 2005-2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries.
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Abstract: Entrepreneurship contributes importantly to the economy. However, differences in the quality and quantity of entrepreneurship vary significantly across developing and developed countries. We use a sample of 70 countries over the period of 2005–2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries. Our results demonstrate that institutions are important for both the quality and quantity of entrepreneurship. However, not all institutions play a similar role; rather, there is a dynamic relationship between institutions and economic development.
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References
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New Institutional Economics
Peter G. Klein
- 01 Jan 1999
TL;DR: In this paper, the authors survey the new institutional economics, a rapidly growing literature combining economics, law, organization theory, political science, sociology and anthropology to understand social, political and commercial institutions.
241
Institutional asymmetry: How formal and informal institutions affect entrepreneurship in Bulgaria:
Nick Williams,Tim Vorley +1 more
TL;DR: In this article, the authors analyse how the institutional environment influences the development of entrepreneurship in Bulgaria and draw on in-depth interviews with Bulgarian entrepreneurs an 'instititit...'
226
Frontiers of Entrepreneurship Research
Johan Bruneel,André Spithoven,Annelies Maesen +2 more
- 01 Jan 2007
190
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The Government as Venture Capitalist: The Long-Run Effects of the SBIR Program
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187
Entrepreneurship in Transition Economies: The Role of Institutions and Generational Change
S. Estrin,Tomasz Mickiewicz +1 more
TL;DR: Transition economies exhibit lower entrepreneurship rates due to communist legacy and institutional gaps, with slower progress in former Soviet Union countries where communist rule was longer, hindering generational institutional memory and trust rebuilding.
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