institutions. We present an alternative way of generalizing the notion of entrepreneurship and show how and why it encompasses the … of institutions constitutes an important set of entrepreneurial profit opportunities. An implication of this is that … entrepreneurial efforts to reform or offset inefficient institutions can in some cases be welfare-improving. …

. We analyze institutions and policies conducive to structural transformation, in particular the expansion of high … a number of institutions that encourage the creation of HGFs and promote structural transformation. In particular, our …

) informal institutions. Overall, the proposed institutional changes move in a liberalizing direction; however, one …

economies. Formal and informal institutions in such countries are often sub-par, but rather than being constrained by them …, entrepreneurship can often affect institutions and contribute to their evolution. We highlight three entrepreneurial responses to the … occurs. Better knowledge of entrepreneurial responses to institutions and the context in which they occur offers a promising …

In this paper, we argue that evasive entrepreneurship is an important source of innovation in the economy. Institutions … entrepreneur may earn large rents by circumventing institutional impediments. Paradoxically, institutions may be less of a … evasive entrepreneurship may be able to prevent economic development from being sti-fled by existing institutions during times …

ventures. That is followed by three papers that focus on the institutions that (fail to) channel financial resources to such … ventures and two papers that analyze the relevance of labor market institutions. The special issue concludes with two papers … investigating how the interplay of institutions and productive entrepreneurship results in economic growth. …