This paper presents results from a field experiment designed to test whether savings constraints prevent the self …-employed from increasing the size of their businesses. We opened interest-free savings accounts in a local village bank in rural … Kenya for a randomly selected sample of poor daily income earners (such as market vendors), and collected a unique dataset …

This paper examines the impact of floods on firms' capital accumulation, employment growth and productivity by using a … is even more pronounced for companies with larger shares of intangible assets. Regarding the firms' productivity a …

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …

-migrant. Although migrants lose their original social networks whilst overseas, savings and human capital accumulation acquired abroad …

less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing …

of employment, sales, and gross operating surplus, as well as growth of multifactor productivity. It seems that … employment growth is negatively associated with subsequent growth of productivity. This latter result, however, is sensitive to … our choice of productivity indicator, i.e. multifactor productivity or labour productivity. …

less. Laggard firms, we suggest, should instead achieve productivity growth through efficient exploitation of existing …

industries with low mobility barriers. This has important implications for the interpretation of productivity decompositions. Our … empirical results show that higher mobility barriers result in a lower contribution of reallocation to aggregate productivity …