How Strategic Entrepreneurship and The Institutional Context Drive Economic Growth
研究了战略创业通过探索新资源组合推动经济增长的机制，并利用跨国面板数据验证了支持经济自由的制度能降低交易成本、提升全要素生产率。
The economics of growth has shown that countries grow by better allocating whatever resources are at their disposal and by introducing productivity‐enhancing innovations. Strategic entrepreneurship plays a key role in this process by searching for, combining, trying out, etc., new resource combinations in the pursuit of profits under uncertainty. Institutions that support economic freedom allow such experimentation to take place at low transaction costs, positively influencing total factor productivity. We test these ideas on a unique panel data set derived from Compendia, World Bank data, and the Fraser Institute's economic freedom data. Copyright © 2013 Strategic Management Society.