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We study the relationship between financial constraints and employment formalization by exploiting heterogeneity in the industry-level degree of financial dependence, in the spirit of Rajan and Zingales (1998). This dependence, and variation in aggregate credit, lets us measure industry-level...
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We are the first to provide a comparative empirical analysis of non-farm entrepreneurship in rural Africa, using the … variables show consistency across the sample, we also find much heterogeneity, suggesting that rural entrepreneurship is also a … identified as a priority for African countries, rural entrepreneurship continues to fulfill mainly a risk-diversifying role. This …
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