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Centrally planned economies tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-manager interactions and shows how planned economies can end up in a low-effort,...
Persistent link: https://www.econbiz.de/10005489931
entrepreneurial development in Russia. We utilize Global Entrepreneurship Monitor (GEM) data collected in 2001 and 2002 to investigate … the effects of the weak institutional environment in Russia on entrepreneurship, comparing it first with all available GEM …’s institutional environment is important to explain its relatively low levels of entrepreneurship development, where the latter is …
Persistent link: https://www.econbiz.de/10005677437
. By utilizing new Global Entrepreneurship Monitor (GEM) data collected in 2001, we investigate the effects of the weak …
Persistent link: https://www.econbiz.de/10005677688
What is the interrelationship among formal institutions, social networks, and new venture growth? Drawing on the theory … revenue growth of new ventures is negative, a network’s structural holes have a positive effect on the revenue growth …. Furthermore, the positive effect of structural holes on the revenue growth is stronger in an environment with a more adverse …
Persistent link: https://www.econbiz.de/10011161390