Long term impacts of one off grants to microenterprises (English)

Traditional economic models of investment such as the Ramsey model would predict that such grants should have at most temporary effects. In such models, there is an efficient steady state size for a business conditional on the ability of the owner. A positive shock to capital in such a model will have only temporary effects, speeding up convergence to this steady state, but those firms that did not receive the grants should be able to catch up over...

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Author

Mckenzie,David J.;

De Mel,Suresh;

Woodruff,Christopher Marshall;
Document Date
2012/02/01
Document Type
Brief
Report Number
68267
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2012/04/25
Disclosure Status
Disclosed
Doc Name
Long term impacts of one off grants to microenterprises
Keywords
micro-enterprise access

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Citation

Mckenzie,David J.; De Mel,Suresh; Woodruff,Christopher Marshall.

Long term impacts of one off grants to microenterprises (English). Finance & PSD impact evaluation note|no. 16 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/831621468316444237

Long term impacts of one off grants to microenterprises (English)

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