Institutions and Entrepreneurship Quality
研究了2005-2015年70个国家的数据，分析正式与非正式制度（如债务、风投、监管环境、人力资本等）如何影响发达国家和发展中国家的创业质量与数量，发现制度对两者都重要，但不同制度作用不同。
Entrepreneurship contributes importantly to the economy. However, differences in the quality and quantity of entrepreneurship vary significantly across developing and developed countries. We use a sample of 70 countries over the period of 2005–2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries. Our results demonstrate that institutions are important for both the quality and quantity of entrepreneurship. However, not all institutions play a similar role; rather, there is a dynamic relationship between institutions and economic development.