New Thinking in Political Economy series
Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph
Chapter 2: Institutions, entrepreneurship and economic growth
Societies' standards of living and well-being are closely tied to the quality of institutions under which entrepreneurs conduct their everyday business. In this chapter I first discuss the theoretical connection between institutional quality, entrepreneurial activity, and economic growth and then present the main findings from previous literature. Finally, I highlight the kinds of public policies that are conducive to a higher level of entrepreneurial activity and economic growth.
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