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; household enterprises ; India …
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The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …
Persistent link: https://www.econbiz.de/10013000531
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Persistent link: https://www.econbiz.de/10011620668
entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …
Persistent link: https://www.econbiz.de/10012456767
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10010283965
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …
Persistent link: https://www.econbiz.de/10011376618
This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …
Persistent link: https://www.econbiz.de/10012263312