Recent studies examining the relationship between legislative majorities and state budgets have presented mixed results. We provide new insight on this relationship by employing stochastic frontier analysis to model the maximum potential budgets that could be feasibly produced, given a set of...

Examining the economics of entrepreneurship from the perspectives of productive versus unproductive entrepreneurial behavior and the role of institutions in economic outcomes, the authors in this book seek to advance the research on institutions by providing a simple framework to analyze the...

Purpose – The purpose of this paper is to stimulate researchers’ interest by acquainting them with some aspects of the entrepreneurship literature they may not have known. Design/methodology/approach – The paper is a non‐meta‐analytic literature review of several literatures in...

Purpose – The purpose of this paper is to provide a robustness check of the relationship between entrepreneurial activity and economic freedom. As a deliberate “robustness check,” the authors estimated various spatial measures of entrepreneurship found in the research literature, using the...

The authors developed a classroom experiment on exchange rate determination appropriate for undergraduate courses in macroeconomics and international economics. In the experiment, students represent citizens from different countries and need to obtain currency to purchase goods. By participating...

Purpose: The purpose of this paper is to examine the relationship between state economic development incentives programs and entrepreneurial activity. Design/methodology/approach: The authors use panel data and a fixed-effects model to examine the determinants of five measures of...