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We explore how financial constraints distort the entry decisions among otherwise productive entrepreneurs and limit growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit constraints can induce more entry of firms with greater long-run...
Persistent link: https://www.econbiz.de/10014391287
effects on school grades, but these negative effects are largely confined to children born extremely preterm (<28 weeks of … gestation, i.e. born at least 10 weeks earlier). Children born moderately preterm (i.e. born up to 5 weeks early) suffer no ill … school environment is very important for the outcomes of preterm born children, such that those born extremely preterm that …
Persistent link: https://www.econbiz.de/10012110249
Inequality of opportunity strikes when two children with the same academic performance are sent to different quality … children are significantly less likely to enter the academic track if they come from low socio-economic status (SES) families …-intensity mentoring program can improve long-run education outcomes of low SES children and reduce inequality of opportunity. Low SES …
Persistent link: https://www.econbiz.de/10012234470
In this paper a novel survey dataset allows us to use a direct measure for credit constraints as well as a direct measure for the innovative activity of a firm to identify the effects of credit constraints on the innovation behaviour of firms. Furthermore, the design of the survey questions and...
Persistent link: https://www.econbiz.de/10008806528
We exploit historical and contemporaneous variation in local credit markets across Russia to identify the impact of credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and production processes that are new to them. They introduce...
Persistent link: https://www.econbiz.de/10011300996
In this paper, we investigate whether foreign currency accounts help overcome credit constraints in developing countries. We analyze a novel bank-level data set from Nepal, where a steady inflow of remittances has contributed to foreign currency deposits on commercial bank balance sheets. In...
Persistent link: https://www.econbiz.de/10010428816
Brazil's 2005 bankruptcy law reform strengthened creditor protection, resulting in a substantial acceleration of credit expansion and business investment growth. In this paper, we go beyond average effects and examine to what extent the pro-creditor reform affected the allocation of resources...
Persistent link: https://www.econbiz.de/10011735891
We study the impact of global climate change on the prevalence of tropical diseases using a heterogeneous agent dynamic general equilibrium model. In our framework, households can take actions (e.g., purchasing bednets or other goods) that provide partial protection from disease. However, these...
Persistent link: https://www.econbiz.de/10003985867
Are entrepreneurs liquidity constraint? Using quasi-random housing wealth variation resulting from communist era decisions, we argue yes, as we find that wealthier East Germans are more likely to become self-employed after reunification. In the literature, no such strong relationship was found...
Persistent link: https://www.econbiz.de/10012039018
We have investigated the influence of fiscal instruments, notably taxes on income and government spending, on household … consumption in two different samples and two measures of household debt to provide a comprehensive analysis of the topic. We used … government spending or reduced taxes, in the presence of high indebtedness, actually discourage household consumption compared to …
Persistent link: https://www.econbiz.de/10014314290