List of Figures

Fig. 2.1 The initial equilibrium, Eι, shows the allocation

of entrepreneurial alertness between new investment and restructuring of the existing factors of production (Source Author’s creation) 20

Fig.

in the allocation of entrepreneurial alertness from new investment toward restructuring the existing factors of production (Source Author’s creation) 21

Fig. 2.3 The allocation of entrepreneurial alertness into the three types of activities: new investment (NI), fixing the allocations of existing factors of production (Fix), and rent-seeking (RS) (Source Author’s creation) 22

Fig. 2.4 The allocation of entrepreneurship into the three types of activities with an increase in the demand for rent-seeking (Source Author’s creation) 23

Fig. 2.5 The allocation of entrepreneurship into the three types of activities with an increase in the demand for rent-seeking and fixing the allocations of the existing factors of production during recession (Source Author’s creation) 24

Fig. 6.1 A two-dimensional representation of the direction

of the flows of innovative immigrant entrepreneurs based on our Comparative Liberty-Dignity Framework 132

Fig. 6.2 Net migration rates and quality of economic institutions across top 15 and bottom 15 countries by net migration flows (2010-2015) (Source Chart and calculations are based on data from The World Bank’s World Development Indicators [The World Bank 2019], and Hugo Montesinos [2019]) 136

Fig. 6.3 Net migration rates (2010-2015), economic freedom of the world (2016), and cultural and social norms towards entrepreneurship (2017) (Source Calculations and illustration are based on data from The World Bank [2019], The Fraser Institute [Gwartney et al. 2016], and The Global Entrepreneurship Monitor [2018]) 142

Fig. 7.1 Productive entrepreneurship and economic development incentives (Note Entrepreneurship measure from Sobel [2008], Incentives index from Patrick [2014a]. Source Author’s creation) 158

Fig. 7.2 Unproductive entrepreneurship and economic development incentives (Note Entrepreneurship measure from Sobel [2008], Incentives index from Patrick [2014a]. Source Author’s creation) 159

Fig. 7.3 NEP and economic development incentives (Note Entrepreneurship measure from Sobel [2008], Incentives index from Patrick [2014a]. Source Author’s creation) 159