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of enterprise growth, and use the baseline surveys and panel scores to construct measures of the potential for growth of … the enterprise. We find that a measure of ability correlates quite strongly with future growth, but that the panel scores … questions appear to have more power to explain the variance in growth. Participants presenting before the panel were give a …
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Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...
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"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...
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The majority of firms in most developing countries are informal. The authors of this paper conducted a field experiment in Sri Lanka that provided incentives for informal firms to formalize. Offering only information about the registration process and reimbursement for direct registration costs...
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