- New Thinking in Political Economy series
Edited by Robert F. Salvino Jr., Michael T. Tasto and Gregory M. Randolph
Chapter 6: Institutions and entrepreneurial productivity in the American states
AbstractRecent research has examined the relationship between institutional quality and entrepreneurial activity in light of Baumol's (1990) theory of productive and unproductive entrepreneurship. This chapter reviews the recent literature regarding entrepreneurship and institutions and provides an analysis of the impact of economic freedom on entrepreneurial productivity. The results suggest that lower levels of government freedom result in greater interest group populations while greater labor market freedom encourages firm births in states in the U.S. These results provide further evidence that institutions impact the decisions and productivity of entrepreneurs in society.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.