The aim of this study is to analyze the relationship between institutions and macro-economic
performance in terms of developing countries. For this purpose, for a period covering the …

Using institutional theory, the Heritage Foundation/Wall Street Journal 2003 Index of
Economic Freedom, and the 2002 Global Entrepreneurship Monitor, we regress opportunity …

Baumol's [Baumol, WJ, 1990. Entrepreneurship: productive, unproductive and destructive.
Journal of Political Economy 98 (5), 893–921] theory of productive and unproductive …

The" entrepreneurial spirit" is something that has long been associated with the driving force
behind economic progress and growth. Joseph Schumpeter (1942) stated that the key to the …

The present paper provides new empirical evidence on the impact of economic freedom on
banks' performance. The empirical analysis is confined to the Malaysian banking sector …

This paper takes an institutional approach to explaining differences in the levels of
entrepreneurship and economic growth across US states. The institutional approach to …

This paper examines the impact of economic freedom on income inequality using cross-
sectional data for US states. While previous research has explored this relationship …

This paper investigates the effect of the changes in bank ownership on cost efficiency across
twelve Asian developing economies. We also evaluate how financial freedom shapes the …

We hypothesize that both liberalization and economic freedom are double-edged swords for
the banking industry because they can increase both stability and fragility of the banks. To …

Economic freedom indexes, especially the Fraser Institute/Cato Institute Economic Freedom
of the World (EFW) index and the Heritage Foundation/Wall Street Journal Index of …