Entrepreneurship and Financial Frictions: a Macro-Development Perspective

40 Pages Posted: 20 Apr 2015 Last revised: 28 Apr 2015

See all articles by Francisco J. Buera

Francisco J. Buera

Washington University in St. Louis; National Bureau of Economic Research (NBER)

Joseph P. Kaboski

Ohio State University (OSU) - Economics; National Bureau of Economic Research (NBER); University of Notre Dame - Department of Economics

Yongseok Shin

Washington University in St. Louis - Department of Economics; National Bureau of Economic Research (NBER); Federal Reserve Banks - Federal Reserve Bank of St. Louis

Date Written: April 2015

Abstract

We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis on the heterogeneous and dynamic micro-level implications of financial frictions for macro development.

Suggested Citation

Buera, Francisco J. and Kaboski, Joseph P. and Shin, Yongseok, Entrepreneurship and Financial Frictions: a Macro-Development Perspective (April 2015). NBER Working Paper No. w21107. Available at SSRN: https://ssrn.com/abstract=2596436

Francisco J. Buera (Contact Author)

Washington University in St. Louis ( email )

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Campus Box 1208
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National Bureau of Economic Research (NBER)

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Joseph P. Kaboski

Ohio State University (OSU) - Economics ( email )

410 Arps Hall
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Columbus, OH 43210-1172
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

University of Notre Dame - Department of Economics ( email )

Notre Dame, IN 46556
United States

Yongseok Shin

Washington University in St. Louis - Department of Economics ( email )

One Brookings Drive
St. Louis, MO 63130
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

P.O. Box 442
St. Louis, MO 63166-0442
United States

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