Lars Ivar Oppedal Berge|Kjetil Bjorvatn|Bertil Tungodden
Human and Financial Capital for Microenterprise Development: Evidence from a Field and Lab Experiment
Christian Michelsen Institute|Norwegian School of Economics|Norwegian School of Economics|Christian Michelsen Institute|Norwegian School of Economics
microenterprises constitute important source employment developing enterprises key policy concern countries efficient tool microenterprise development study question developing country context tanzania microenterprises source employment half labor force report field experiment jointly investigated importance human capital intervention business training financial capital intervention business grant using data three survey rounds lab experiment administrative records microfinance institution present evidence business performance management practices happiness business knowledge noncognitive abilities study demonstrates strong effects combination two interventions male entrepreneurs effects female entrepreneurs much muted results suggest longterm finance important constraint microfinance entrepreneurs business training essential transform financial capital productive investments study also points need comprehensive measures promote businesses female entrepreneurs data supplemental material available httpdxdoiorg101287mnsc20141933 paper accepted john list behavioral economics