What Makes Small Firms Grow? Finance, Human Capital, Technical Assistance, and the Business Environment in Romania
dc.contributor.author | Brown, J. David | en_US |
dc.contributor.author | Earle, John S. | en_US |
dc.contributor.author | Lup, Dana | en_US |
dc.date.accessioned | 2006-08-01T15:53:47Z | |
dc.date.available | 2006-08-01T15:53:47Z | |
dc.date.issued | 2004-05-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2004-702 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/40088 | en_US |
dc.description.abstract | Although the development of a new private sector is generally considered crucial to economic transition, there has been rather little empirical research on the determinants of startup firm growth. This paper uses panel data techniques to analyze a survey of 297 new small enterprises in Romania containing detailed information from the startup date through 2001. We find strong evidence that access to external credit increases the growth of both employment and sales. Taxes appear to constrain growth. The data suggest that entrepreneurial skills have little independent effect on growth, once demand conditions are taken into account, and there is only weak evidence for the effectiveness of technical assistance, and only when it is provided by foreign partners. A wide variety of alternative measures of the business environment (contract enforcement, property rights, and corruption) are tested, but none are found to have any clear association with firm growth. | en_US |
dc.format.extent | 109626 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 715902 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 702 | en_US |
dc.subject | Small Firms, Entrepreneurship, Microfinance, Business Environment, Romania | en_US |
dc.subject.other | M13, O16, O19, P26 | en_US |
dc.title | What Makes Small Firms Grow? Finance, Human Capital, Technical Assistance, and the Business Environment in Romania | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/40088/3/wp702.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.