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Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to...
Persistent link: https://www.econbiz.de/10012823301
access in promoting entrepreneurship among informal sector firms in India. Our results are robust to alternative … what directions? We take advantage of nationwide data collected in 2010/11 and 2015/16 by India's National Sample Survey …
Persistent link: https://www.econbiz.de/10013314985
transformation, will stagnate. One such endogenous driver is entrepreneurship. In this paper I start with the reappraisal of African … agriculture and focus on the literature on entrepreneurship in Africa's structural transformation. I present a conceptual model to … describe how entrepreneurship reallocates farmers out of agriculture into non-agricultural activities and locations. Recent …
Persistent link: https://www.econbiz.de/10013011139
understanding of rural non-farm entrepreneurship, particularly with regard to the role of young adults in this sector. This paper …
Persistent link: https://www.econbiz.de/10013044910
We are the first to provide a comparative empirical analysis of non-farm entrepreneurship in rural Africa, using the … variables show consistency across the sample, we also find much heterogeneity, suggesting that rural entrepreneurship is also a … identified as a priority for African countries, rural entrepreneurship continues to fulfill mainly a risk-diversifying role. This …
Persistent link: https://www.econbiz.de/10013057456
credit has still remained scarce in India. Primary Agriculture Credit Societies (PACS) working at grass-root level, having … institution. The present study examines the recovery performance of rural credit given by PACS in six different regions of India … Bank of India in collaboration with State Governments …
Persistent link: https://www.econbiz.de/10013051022
US entrepreneurs typically work long hours in their firms and these hours form a large part of the firms' labor input. This paper studies the role of endogenous owner hours in shaping the wealth distribution among entrepreneurs. We introduce owners' endogenous labor supply into a model of...
Persistent link: https://www.econbiz.de/10012858508
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012842034
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012928500
I develop a dynamic model of forward-looking entrepreneurs, who decide whether to operate in the formal economy or informal economy and choose how much to invest in their businesses, taking government policy as given. The government has access to two policy tools: taxes on formal business...
Persistent link: https://www.econbiz.de/10012979858