Showing 1 - 10 of 55
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
In a recent randomized experiment we found mean returns to capital of between 5 and 6 percent per month in Sri Lankan microenterprises, much higher than market interest rates. But returns were found to be much higher among men than among women, and indeed were not different from zero for women....
Persistent link: https://www.econbiz.de/10013324928
Development. We examine the role of financial constraints in SME growth, with emphasis on business cycles and credit access. We …
Persistent link: https://www.econbiz.de/10012842053
In the past decade inclusive growth, that is job-rich growth, has topped the policy agenda in developing countries. This paper investigates how the access to finance affects employment in small and medium-sized enterprises (SMEs) in Sub-Saharan Africa. It first presents a model where firm...
Persistent link: https://www.econbiz.de/10012822842
We analyze linked databases on all Small Business Administration (SBA) loans, on all SBA lenders, and on all U.S. employers to estimate the effects of financial access on employment growth. Our methods combine regressions with matching on firm age, size, industry, year, and employment history,...
Persistent link: https://www.econbiz.de/10013016226
Kleine und mittlere Unternehmen in den südeuropäischen EU-Ländern haben oft nur begrenzten Zugang zu Krediten. Der Präsident des Europäischen Parlaments, Martin Schulz, möchte diese Unternehmen fördern, um die Arbeitslosigkeit zu verringern. Auch der neue Präsident der EUKommission,...
Persistent link: https://www.econbiz.de/10011617621
Innovation is key to technology adoption and creation, and to explaining the vast differences in productivity across … and within countries. Despite the central role of the entrepreneur in the innovation process, data limitations have … restricted standard analysis of the determinants of innovation to consideration of the role of firm characteristics. We develop a …
Persistent link: https://www.econbiz.de/10012749897
We analyze the link between R&D, innovation, and productivity in MSMEs with a special focus on micro firms with fewer … than 10 employees; usually constituting the majority of firms in industrialized economies. Using the German KfW SME panel … the probability of reporting innovation, with a larger effect size for product than for process innovations. Moreover …
Persistent link: https://www.econbiz.de/10012999002
automotive parts industry, is negatively related with propensity to patent innovation. Also, unlike expectations, the InnoBiz …
Persistent link: https://www.econbiz.de/10013029129
This paper investigates whether self-employed households use consumer loans – in particular instalment loans and overdrafts – to finance business activities. Controlling for financial and non-financial household variables we show that self-employed households particularly use personal...
Persistent link: https://www.econbiz.de/10013118523