Do Credit Constraints Limit Entrepreneurship ? Heterogeneity in the Returns to Microfinance

@inproceedings{Banerjee2016DoCC,
  title={Do Credit Constraints Limit Entrepreneurship ? Heterogeneity in the Returns to Microfinance},
  author={Abhijit Banerjee and EMILY BREZA and Esther Duflo and Cynthia Georgia Kinnan},
  year={2016}
}
Can improved access to credit jump-start microenterprise growth? We examine subjects in urban Hyderabad, India, six years after microfinance–an intervention commonly believed to lower the cost of credit and spark business creation–was randomly introduced to a subset of neighborhoods. We find large benefits both in business scale and performance from giving “gung-ho entrepreneurs” (GEs)–those who started a business before microfinance entered–more access to microfinance. Notably, these effects… CONTINUE READING
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