全球智库信息集成服务系统(G2TT): DP8466 When is capital enough to get female microenterprises growing? Evidence from a randomized experiment in Ghana

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP8466
	DP8466 When is capital enough to get female microenterprises growing? Evidence from a randomized experiment in Ghana
	Marcel Fafchamps; Christopher Woodruff; David McKenzie; Simon Quinn
发表日期	2011-07-01
出版年	2011
语种	英语
摘要	Standard models of investment predict that credit-constrained firms should grow rapidly when given additional capital, and that how this capital is provided should not affect decisions to invest in the business or consume the capital. We randomly gave cash and in-kind grants to male- and female-owned microenterprises in urban Ghana. Our findings cast doubt on the ability of capital alone to stimulate the growth of female microenterprises. First, while the average treatment effects of the in-kind grants are large and positive for both males and females, the gain in profits is almost zero for women with initial profits below the median, suggesting that capital alone is not enough to grow subsistence enterprises owned by women. Second, for women we strongly reject equality of the cash and in-kind grants; only in-kind grants lead to growth in business profits. The results for men also suggest a lower impact of cash, but differences between cash and in-kind grants are less robust. The difference in the effects of cash and in-kind grants is associated more with a lack of self-control than with external pressure. As a result, the manner in which funding is provided affects microenterprise growth.
主题	Development Economics
关键词	Microenterprises ghana conditionality asset integration
URL	https://cepr.org/publications/dp8466
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/537303
推荐引用方式 GB/T 7714	Marcel Fafchamps,Christopher Woodruff,David McKenzie,et al. DP8466 When is capital enough to get female microenterprises growing? Evidence from a randomized experiment in Ghana. 2011.