About this Research Topic
Over the past century, economic literature has extensively studied the effects of institutional frameworks on economic development, drawing upon key works in behavioral economics and behavioral management. Grounded in seminal publications like Kahneman and Tversky's "Prospect Theory" and Simon's "Administrative Behavior", these investigations emphasize the significance of both formal institutions, such as laws and regulations, and informal ones, notably cultural norms, in shaping various economic outcomes.
This special issue primarily focuses on the intricate relationship between these institutions and their subsequent impact on economic growth, innovation, and entrepreneurial activities. Drawing inspiration from Thaler's "Misbehaving: The Making of Behavioral Economics" and March and Olsen's "Ambiguity and Choice in Organizations", our goal is to present research that uncovers the behavioral nuances driving economic actions, particularly in the realms of innovation and entrepreneurship.
We welcome submissions that offer empirical insights through robust quantitative, experimental, or qualitative research methodologies. Additionally, conceptual papers that provide profound theoretical insights into how formal and informal institutional settings contribute to economic growth are highly encouraged.
While all pertinent subjects are valuable, we especially invite submissions exploring topics informed by key works such as: Critical relationships between cultural context and economic progress; Pivotal interactions between the institutional backdrop and economic progress; Innovation in the face of uncertainty and uncertainty avoidance behavior; Innovation and Entrepreneurship during crises; the co-evolution of culture and institutions and its impact on economic progress; the implications of investment decisions on innovation and entrepreneurship; the role of trust in shaping innovation and entrepreneurial outcomes; the correlation between loss aversion and economic progress; the relationship between investment diversification, entrepreneurship, and innovation.
The principal objective of this Special Issue is to enrich our understanding of how formal and informal institutions influence the economic behavior of individuals, firms, and economies as it pertains to economic progress, innovation, and entrepreneurship. Specifically, it endeavors to underscore scientific research that elucidates the genesis of entrepreneurship and innovation. It aims to foster a more comprehensive comprehension of the roles played by institutions, culture, and their co-evolutionary process in various theoretical and practical facets of innovation and entrepreneurship. By disseminating cutting-edge research employing rigorous methodologies and theoretical frameworks, this issue aims to stimulate scholarly discussions and provide valuable insights for policymakers, practitioners, and academics interested in fostering innovation, entrepreneurship, and sustainable economic growth.
References
Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), 263-291.
Simon, H. A. (1947). Administrative Behavior: A Study of Decision-making Processes in Administrative Organization. Macmillan.
Thaler, R. H. (2015). Misbehaving: The Making of Behavioral Economics. W.W. Norton & Company.
March, J. G., & Olsen, J. P. (1976). Ambiguity and Choice in Organizations. American Journal of Sociology, 84, 765-767.
This special issue primarily focuses on the intricate relationship between these institutions and their subsequent impact on economic growth, innovation, and entrepreneurial activities. Drawing inspiration from Thaler's "Misbehaving: The Making of Behavioral Economics" and March and Olsen's "Ambiguity and Choice in Organizations", our goal is to present research that uncovers the behavioral nuances driving economic actions, particularly in the realms of innovation and entrepreneurship.
We welcome submissions that offer empirical insights through robust quantitative, experimental, or qualitative research methodologies. Additionally, conceptual papers that provide profound theoretical insights into how formal and informal institutional settings contribute to economic growth are highly encouraged.
While all pertinent subjects are valuable, we especially invite submissions exploring topics informed by key works such as: Critical relationships between cultural context and economic progress; Pivotal interactions between the institutional backdrop and economic progress; Innovation in the face of uncertainty and uncertainty avoidance behavior; Innovation and Entrepreneurship during crises; the co-evolution of culture and institutions and its impact on economic progress; the implications of investment decisions on innovation and entrepreneurship; the role of trust in shaping innovation and entrepreneurial outcomes; the correlation between loss aversion and economic progress; the relationship between investment diversification, entrepreneurship, and innovation.
The principal objective of this Special Issue is to enrich our understanding of how formal and informal institutions influence the economic behavior of individuals, firms, and economies as it pertains to economic progress, innovation, and entrepreneurship. Specifically, it endeavors to underscore scientific research that elucidates the genesis of entrepreneurship and innovation. It aims to foster a more comprehensive comprehension of the roles played by institutions, culture, and their co-evolutionary process in various theoretical and practical facets of innovation and entrepreneurship. By disseminating cutting-edge research employing rigorous methodologies and theoretical frameworks, this issue aims to stimulate scholarly discussions and provide valuable insights for policymakers, practitioners, and academics interested in fostering innovation, entrepreneurship, and sustainable economic growth.
References
Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, 47(2), 263-291.
Simon, H. A. (1947). Administrative Behavior: A Study of Decision-making Processes in Administrative Organization. Macmillan.
Thaler, R. H. (2015). Misbehaving: The Making of Behavioral Economics. W.W. Norton & Company.
March, J. G., & Olsen, J. P. (1976). Ambiguity and Choice in Organizations. American Journal of Sociology, 84, 765-767.
Keywords: Culture, Institutions, Innovation, Attitudes, Beliefs, Patents, Economic Development
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