Ali, Merima; Peerlings, Jack; Zhang, Xiaobo - In: Small Business Economics 43 (2014) 3, pp. 697-709
labor, can ease the financial constraints of microenterprises even in the absence of a well-functioning capital market. By … using data from more than 17,000 microenterprises in four sectors and four regions of Ethiopia, we find that clustering … significantly larger for microenterprises investing in districts with high capital market inefficiency, indicating the importance of …