From optimal to stagnant growth: The role of institutions and culture

From optimal to stagnant growth: The role of institutions and culture

Optimal growth requires pro-growth institutions and culture. In an optimal growth pattern, institutions and culture facilitate entrepreneurship and innovation. In contrast, if the development and coevolution of institutions and culture are distorted, growth can become permanently stagnant, with a di...

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Bibliographic Details
Main Authors:	Panagiotis E. Petrakis, Dionysis G. Valsamis, Kyriaki I. Kafka
Format:	Article
Language:	English
Published:	Elsevier 2017-09-01
Series:	Journal of Innovation & Knowledge
Subjects:	Institutions Preferences Culture Optimal growth Stagnant growth Innovation
Online Access:	http://www.sciencedirect.com/science/article/pii/S2444569X16000135

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