Purpose – Recent literature has been able to include into standard optimal growth models some hypotheses that allow for the generation of endogenous long‐run fluctuations. This paper aims to contribute to this endogenous business cycles literature by considering social interactions....

Financial frictions are a central element of most of the models that the literature on emerging markets crises has proposed for explaining the Sudden Stop phenomenon. To date, few studies have aimed to examine the quantitative implications of these models and to integrate them with an...

Recent literature has been able to include into standard optimal growth models some hypotheses that allow for the generation of endogenous long run fluctuations. This paper contributes to this endogenous business cycles literature by considering social interactions. In the proposed model,...

This publication analyzes the profile of entrepreneurs and how they create high-growth businesses in 13 countries in Latin America, East Asia and southern Europe. It also offers case studies of entrepreneurship development policies and programs in the Americas and Europe. The comparative...

The IDB Group, guided by its Strategy for Microenterprise Development, has made the creation of a sustainable market of services to the sector one of its most important priorities during the past decade. This report presents an overview of the contributions the IDB has made to the...

This document describes the efforts of the Department of Labor of Rio de Janeiro to build a comprehensive institutional framework focused on the promotion of a long run, micro-firm based local economic development model and to create a path to sustainable economic growth, job creation and...

This document describes how pro-market aid works and gives practical lessons from specific schemes of aid projects. This presentation took place at the Inter-American Development Bank's Conference on "Building a Modern and Effective Business Development Services Industry in Latin America & the...

The Conference gave impetus to the changing paradigm for assistance to small enterprises: away from the direct provision of business development services by governments and donor agencies toward the development of markets for BDS appropriate to the needs of small enterprises. By facilitating the...

This study provides a quantitative description of MSMEs in Latin America and the Caribbean. It highlights the quality of the information available in the region and, in doing so, also identifies gaps in the data. The study also presents a comparative analysis of the capacity of national MSME...