Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...

In the last twenty-five years, economists have significantly contributed to the development of institutional approach in entrepreneurship research by identifying institutional factors that strengthen entrepreneurship development, which in turn spur economic growth (Urbano, et al., 2018). Despite...

Based on five research papers, the dissertation "Institutions and Entrepreneurship" analyzes institutional influences on entrepreneurship, as well as determinants and effects of institutional change. In particular, the effects of implicit institutions, i.e. societal norms and values, on the...

In four independent Chapters, I examine how norms guide our behavior in an uncertain world. Methodologically, I apply the toolbox of experimental economics to research questions that are on the interface between economics and law (especially Chapter 1 and Chapter 2), sociology (especially...