Liquidity constraints, spillovers, and entrepreneurship: evidence from a cash transfer program
نویسندگان
چکیده
منابع مشابه
Entrepreneurship and liquidity constraints in deprived areas: Evidence from the slums of Rio de Janeiro
Several economic models have described the theoretical causes and consequences of ‘credit rationing’ and ‘under-investment. This literature shows the long-run effects of initial wealth distribution and entrepreneurial ability on the process of occupational choice and performance, and its consequences on inequality. Surprisingly, there is very little micro-level evidence on the existence and eff...
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The Impact Evaluation Series has been established in recognition of the importance of impact evaluation studies for World Bank operations and for development in general. The series serves as a vehicle for the dissemination of findings of those studies. Papers in this series are part of the Bank's Policy Research Working Paper Series. The papers carry the names of the authors and should be cited...
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We study a group of young women in rural Malawi who were exposed to a cash transfer experiment as adolescents. More than two years after the end of transfers, we find that the substantial short-term benefits of the program have largely evaporated. Unconditional cash transfers (UCT) caused a shortterm delay of marriage, fertility, and HIV infection, but the ending of the program is immediately f...
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ژورنال
عنوان ژورنال: Small Business Economics
سال: 2019
ISSN: 0921-898X,1573-0913
DOI: 10.1007/s11187-019-00178-1