Long-Term and Lasting Impacts of Personal Initiative Training on Entrepreneurial Success
A randomized experiment in Togo found that personal initiative training for small businesses resulted in large and significant impacts for both men and women after two years (Campos et al, 2017). This paper revisits these entrepreneurs after seven years, and finds long-lasting average impacts of personal initiative training of $91 higher profits per month, which is larger than the 2-year impacts. However, these long-term impacts are very different for men and women: the impact for men grows over time as they accumulate more capital and increase self-efficacy, whereas the impact for women dissipates, and capital build-up is much more limited.
| Main Authors: | , , , , , |
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| Format: | Working Paper biblioteca |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2024-10-01
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| Subjects: | MICROENTREPRENEURSHIP, BUSINESS TRAINING, PERSONAL INITIATIVE, FIRM GROWTH, DECENT WORK AND ECONOMIC GROWTH, SDG 8, |
| Online Access: | http://documents.worldbank.org/curated/en/099432110012435711/IDU1738abbbc1f83d14a1e19bd718610cf96c99e https://hdl.handle.net/10986/42221 |
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| Summary: | A randomized experiment in Togo found
that personal initiative training for small businesses
resulted in large and significant impacts for both men and
women after two years (Campos et al, 2017). This paper
revisits these entrepreneurs after seven years, and finds
long-lasting average impacts of personal initiative training
of $91 higher profits per month, which is larger than the
2-year impacts. However, these long-term impacts are very
different for men and women: the impact for men grows over
time as they accumulate more capital and increase
self-efficacy, whereas the impact for women dissipates, and
capital build-up is much more limited. |
|---|