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This paper develops a theory in which oligarchic ownership of land or other natural resources may impede … entrepreneurship in the manufacturing sector and may thereby retard structural change and economic development. We show that, due to … sector. We discuss historical evidence from Latin America, India, Taiwan and South Korea which supports our theory. …
Persistent link: https://www.econbiz.de/10010636569
entrepreneurial elite, resulting in economic policy and institutions which are more conducive to entrepreneurship and productivity …
Persistent link: https://www.econbiz.de/10005566377
This paper provides evidence on ethnic differences in bank debt financing among small Swedish firms at the start-up stage. The empirical analysis is carried out on a sample of small firms consisting of 2,814 native- and immigrant-owned firms for year 2008. The method of binary logistic...
Persistent link: https://www.econbiz.de/10010944879
Persistent link: https://www.econbiz.de/10004178209
Persistent link: https://www.econbiz.de/10004065447
Agricultural employment in industrialized countries has been steadily decreasing despite important levels of farm subsidies. In this paper we provide a new explanation for this puzzle, namely the positive impact of subsidies on the education level of farmers’ children. If farmers are credit...
Persistent link: https://www.econbiz.de/10010880310
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
Lack of access to finance is often cited as a key reason for why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank can open a...
Persistent link: https://www.econbiz.de/10005135251
Lack of access to finance is often cited as a key reason why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirial evidence on this issue. Between 1977 and 1990, the Indian Central Bank mandated that a commercial bank can open a branch in...
Persistent link: https://www.econbiz.de/10010745415
This paper describes the out-of-equilibrium approach to the analysis of economic processes. We argue that such an approach is adapted to study qualitative (or structural) changes, like technical progress or changes in preferences. Truly sequential analyses manage to capture the essential...
Persistent link: https://www.econbiz.de/10011187017