This publication analyzes the profile of entrepreneurs and how they create high-growth businesses in 13 countries in Latin America, East Asia and southern Europe. It also offers case studies of entrepreneurship development policies and programs in the Americas and Europe. The comparative...

This paper studies the effect of government-backed partial credit guarantees on firms' performance. These guarantees are automatically granted to firms without enough collateral in order to lift their credit constraints. We put together a panel, covering the period 1997-2007, that combines data...

Government-owned development banks have often been justified by the need to respond to financial market imperfections that hinder the establishment and growth of promising businesses, and as a result, stifle economic development more generally. However, evidence on the effectiveness of these...

The paper uses microeconomic data to characterize entrepreneurs by income group and selected household, individual and business characteristics, finding that entrepreneurship is rare but more frequent in the upper class than the middle or lower classes. Middle-class entrepreneurs are, on...

Based on a cross-country comparison of dynamic new firms, this paper attempts to characterize Latin American middle-class entrepreneurs and their firms. In general, Latin American middle-class entrepreneurs tend to face more difficult conditions in terms of resources and skills acquisition than...

This publication analyzes the profile of entrepreneurs and how they create high-growth businesses in 13 countries in Latin America, East Asia and southern Europe. It also offers case studies of entrepreneurship development policies and programs in the Americas and Europe. The comparative...