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entrepreneurship and credit constraints under labour market discrimination. We divide self employed into prefer to be self-employed and …
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We present a calibrated general equilibrium model in which collateral constraints substantially amplify and propagate aggregate shocks through their impact on asset prices and capital allocation. Compared to previous studies, this result is more robust and comes with more realistic interest rate...
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How much do financial constraints delay entrepreneurship and how much do they cost households in terms of foregone … micro-entrepreneurship in such countries. The main prediction of the model is that individuals with low entrepreneurial … methods with data from Cameroon. Ifind that prospective entrepreneurs would need to work for an average of 7.1 years as …
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