This study investigates the relationship between macroeconomic and microeconomic policies and entrepreneurial dynamics in two economies transitioning from planned economies to free markets, comparing them to a developed economy. Macroeconomic policies, despite not directly targeting...

Government had an enormous impact on economic growth and development in pre-industrial Europe. Mostly, this was unintended - a side effect, for example, of government exaction or of the waging of war. However, governments did also intervene in their economies deliberately. These interventions...

This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous rationalities of failure, either of...

This paper considers the U.S. Small Business Innovation Research (SBIR) program as a policy fostering academic entrepreneurship. Using unique data on NIH supported biomedical scientists, we trace the incidence of academic entrepreneurship through the SBIR program and examine the impact these...

This paper advances a dynamic rationale for competitiveness policy that focuses on an economy's ability to evolve in order to achieve high real incomes along with desired qualitative changes in the socio-economic system. It highlights that the ubiquitous 'rationalities of failure,' either of...