Many economists claim that entrepreneurship is an important determinant of economic growth and development. In the sub-discipline of development economics however, entrepreneurship is largely absent from explanations of growth and development. This...
This study examines the effect of the hardening of the budget constraint on the investment behaviour of Italian state owned enterprises (SOEs). It carries out a natural experiment that exploits the 1987 shift of budget regimes due to the pressure of...
Part of Journal Special Issue WIDER Symposium on Adaptive Efficiency and Evolving Diversity of Enterprise Ownership and Governance
It is often claimed that entrepreneurship is indispensable for economic growth and development. These claims are mostly generated by scholars working in the field of entrepreneurship and management studies. In contrast, development economics scholars...
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