Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective

Posted: 7 Aug 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: August 2015

Abstract

We review both the theoretical and empirical literature on entrepreneurship and financial frictions, with an emphasis on the heterogeneous and dynamic microlevel implications of financial frictions for macrodevelopment.

Suggested Citation

Buera, Francisco J. and Kaboski, Joseph P. and Shin, Yongseok, Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective (August 2015). Annual Review of Economics, Vol. 7, pp. 409-436, 2015. Available at SSRN: https://ssrn.com/abstract=2640068 or http://dx.doi.org/10.1146/annurev-economics-080614-115348

Francisco J. Buera (Contact Author)

Washington University in St. Louis ( email )

One Brookings Drive
Campus Box 1208
Saint Louis, MO MO 63130-4899
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Joseph P. Kaboski

Ohio State University (OSU) - Economics ( email )

410 Arps Hall
1945 N. High St.
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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