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Showing all content in Entrepreneurship
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Data: Foreign investors under stress: Evidence at the firm level
Emerging market policy makers have been concerned about the financial stability implications of financial globalization. These concerns are focused particularly on behavior under stressed conditions. Do tail events in the home country trigger off extreme responses by foreign investors and is there any asymmetry between the responses of foreign investors to very good versus...
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Blog post
Is the rule of law good for women? Evidence from micro-entrepreneurs in Lusaka, Zambia
The rapidly growing cities of the developing world can be an engine for private sector growth (Krugman, 1991; Glaeser, 2011). However, the positive externalities of living in urban areas become lost opportunities when people cannot safely trade with each other. This can happen either because of lack of mutual confidence or weakness in the rule of law. Across countries,...
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Data: What do Indian CEOs do? Time use of Indian top executives: Determinants and implications for growth
We present evidence on the labor supply of CEOs, and on whether family and professional CEOs differ on this dimension. We do so through a new survey instrument that allows us to codify CEOs’ diaries in a detailed and comparable fashion, and to build a bottom-up measure of CEO labor supply. The comparison of 1,114 family and professional CEOs reveals that family CEOs work...
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Data: Evaluation of the impact of microfinance in rural areas of Morocco
Microcredit has rapidly expanded in the past years, providing access to financial services to a large population previously excluded from the financial system. However, whether it helps the poor has been a subject of intense debate on which, until very recently, there was no rigorous evidence. This paper reports the results of a randomized experiment designed to measure the...
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Data: Long-run effects of repayment flexibility in microfinance: Evidence from India
Financiers across the world structure debt contracts to limit the risk of entrepreneurial lending. But debt structures that reduce risk may inhibit enterprise growth, especially among the poor. Using a field experiment we quantify the short- and long-run tradeoffs associated with the classic microfinance debt contract. We contrast the classic contract which requires that...
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Enabling microenterprise development in Sub-Saharan Africa through the provision of financial services
Most people in rural Africa do not have bank accounts. In this paper, we combine experimental and survey evidence from Western Kenya to document some of the supply and demand factors behind such low levels of financial inclusion. Our experiment had two parts. In the first part, we waived the fixed cost of opening a basic savings account at a local bank for a random subset...
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Blog post
Tracking constraints to micro-enterprise growth in Kenya and Uganda
Existing surveys that aim to measure and track barriers to business growth often under-represent micro-enterprises and small informal firms. Our pilot, which targeted a sample of small scale entrepreneurs in Kenya and Uganda in a survey conducted by phone, suggests that such enterprises may face a very different set of constraints to growth. This exposes a potential...
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Publication - Project Report
Constraints to entrepreneurship: Findings from pilot studies in Kenya and Uganda
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Publication - Synthesis paper
Addressing constraints to small and growing businesses
Salaried wage jobs are the distinguishing feature separating the middle class from the poor in developing countries (Banerjee and Duflo 2008). Where do salaried wage jobs come from, and how can small and medium-sized firms create more of them? This synthesis paper reviews the evidence on constraints to growth of small and medium enterprises. It first examines evidence on...
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Publication - Miscellaneous
A research agenda for the small and growing business sector: Summarising the current evidence and research needs
The Aspen Network of Development Entrepreneurs (ANDE) and the IGC released the report A Research Agenda for the SGB Sector in November 2018. Hundreds, if not thousands, of programmes exist to help drive business growth in emerging markets. But what does the evidence actually tell us about whether these programmes help businesses grow? And what can practitioners learn...