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Follow the Money : Methods for Identifying Consumption and Investment Responses to a Liquidity Shock
Karlan, Dean - 2013
Identifying the impacts of liquidity shocks on spending decisions is difficult methodologically but important for theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results. Borrowers report uses of loan proceeds strategically, and...
Persistent link: https://www.econbiz.de/10012458966
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean - 2012
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10012460338
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Collateral Damage
Gorton, Gary B. - 2018
A financial crisis is an event in which the holders of short-term debt come to question the collateral backing that … debt. So, the resiliency of the financial system depends on the quality of that collateral. We show that there is a … shortage of high-quality collateral by examining the convenience yield on short-term debt, which summarizes the supply and …
Persistent link: https://www.econbiz.de/10012453416
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Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?
Banerjee, Abhijit - 2019
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
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Dangers of a Double-Bottom Line : A Poverty Targeting Experiment Misses Both Targets
Karlan, Dean - 2018
Two for-profit Philippine social enterprises, aiming to demonstrate corporate social responsibility by increasing microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool using randomized training content. Treated loan...
Persistent link: https://www.econbiz.de/10012453335
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The Returns to Microenterprise Support Among the Ultra-Poor : A Field Experiment in Post-War Uganda
Blattman, Christopher - 2015
We show that extremely poor, war-affected women in northern Uganda have high returns to a package of $150 cash, five days of business skills training, and ongoing supervision. 16 months after grants, participants doubled their microenterprise ownership and incomes, mainly from petty trading. We...
Persistent link: https://www.econbiz.de/10012457357
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The Impacts of Microcredit : Evidence from Bosnia and Herzegovina
Augsburg, Britta - 2012
We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the...
Persistent link: https://www.econbiz.de/10012460122
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Microentrepreneurship in Developing Countries
Jayachandran, Seema - 2020
This article reviews the recent literature in economics on small-scale entrepreneurship ("microentrepreneurship") in low-income countries. Major themes in the literature include the determinants and consequences of joining the formal sector; the impacts of access to credit and other financial...
Persistent link: https://www.econbiz.de/10012479185
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The Role of Nonemployers in Business Dynamism and Aggregate Productivity
Bento, Pedro - 2019
A decline in the net entry rate of employer firms in the United States in the last decades, a decline in business dynamism, may explain the observed productivity slowdown. We consider the role of nonemployers, businesses without paid employees, in business dynamism and aggregate productivity....
Persistent link: https://www.econbiz.de/10012479947
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Household Matters : Revisiting the Returns to Capital among Female Micro-entrepreneurs
Bernhardt, Arielle - 2017
Several field experiments find positive returns to grants for male and not female micro-entrepreneurs. But, these analyses largely overlook that male and female micro-entrepreneurs often belong to the same household. Using data from randomized trials in India, Sri Lanka and Ghana, we show that...
Persistent link: https://www.econbiz.de/10012455323