. Additionally, high business risks may partly explain why the capital stocks of MSEs remain low. This article analyzes the … determinants of the capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a …-African countries. The main result is that capital market imperfections indeed seem to explain an important part of the variation in …

. Additionally, high business risks may partly explain why capital stocks of MSEs remain low. This article analyzes the determinants … of capital stocks of MSEs in poor economies focusing on credit constraints and risk. The analysis is based on a unique …-African countries. The main result is that capital market imperfections indeed seem to explain an important part of the variation in …

world using a novel regional level panel dataset created by matching Demographic and Health Surveys and Household Income … subsistence agriculture to more skill-intensive services, accompanied by an increase in human capital accumulation, is a key …

. We create a unique panel data set combining Demographic and Health Surveys, Household Income Surveys, and nighttime light … household wealth, reduced child mortality, and female basic education are crucial for fertility reductions. Yet, our analysis …

Small-scale economic activities in the informal sector usually account for an important share of production in … particular with the very high marginal returns to capital that can be earned in these enterprises. These high returns remain …

growth. We find a very large positive effect of household non-business wealth on capital stocks of MEs. We also show a …We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs …). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The …