Identifying and Spurring High-Growth Entrepreneurship
Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers.
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| Format: | Journal Article biblioteca |
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American Economic Association
2017-08
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| Subjects: | ENTREPRENEURSHIP, MICROENTERPRISE, FIRM ENTRY, BUSINESS ENVIRONMENT, COMPETITION POLICY, |
| Online Access: | http://hdl.handle.net/10986/29067 |
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dig-okr-10986290672023-04-03T10:29:28Z Identifying and Spurring High-Growth Entrepreneurship Experimental Evidence from a Business Plan Competition McKenzie, David ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers. 2017-12-20T21:11:11Z 2017-12-20T21:11:11Z 2017-08 Journal Article Article de journal Artículo de revista American Economic Review 0002-8282 http://hdl.handle.net/10986/29067 CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf American Economic Association |
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| topic |
ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY |
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ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY McKenzie, David Identifying and Spurring High-Growth Entrepreneurship |
| description |
Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers. |
| format |
Journal Article |
| topic_facet |
ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY |
| author |
McKenzie, David |
| author_facet |
McKenzie, David |
| author_sort |
McKenzie, David |
| title |
Identifying and Spurring High-Growth Entrepreneurship |
| title_short |
Identifying and Spurring High-Growth Entrepreneurship |
| title_full |
Identifying and Spurring High-Growth Entrepreneurship |
| title_fullStr |
Identifying and Spurring High-Growth Entrepreneurship |
| title_full_unstemmed |
Identifying and Spurring High-Growth Entrepreneurship |
| title_sort |
identifying and spurring high-growth entrepreneurship |
| publisher |
American Economic Association |
| publishDate |
2017-08 |
| url |
http://hdl.handle.net/10986/29067 |
| work_keys_str_mv |
AT mckenziedavid identifyingandspurringhighgrowthentrepreneurship AT mckenziedavid experimentalevidencefromabusinessplancompetition |
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1767603874401615872 |