Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition

Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these...

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Bibliographic Details
Main Author:	McKenzie, David
Format:	Journal Article
Published:	American Economic Association 2017
Subjects:	ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY
Online Access:	http://hdl.handle.net/10986/29067

id	okr-10986-29067
recordtype	oai_dc
spelling	okr-10986-290672021-05-25T10:54:42Z Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition McKenzie, David ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers. 2017-12-20T21:11:11Z 2017-12-20T21:11:11Z 2017-08 Journal Article American Economic Review 0002-8282 http://hdl.handle.net/10986/29067 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank American Economic Association Publications & Research :: Journal Article Publications & Research Africa Nigeria
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY
spellingShingle	ENTREPRENEURSHIP MICROENTERPRISE FIRM ENTRY BUSINESS ENVIRONMENT COMPETITION POLICY McKenzie, David Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
geographic_facet	Africa Nigeria
description	Almost all firms in developing countries have fewer than ten workers, with a modal size of one. Are there potential high-growth entrepreneurs, and can public policy help identify them and facilitate their growth? A large-scale national business plan competition in Nigeria provides evidence on these questions. Random assignment of US$34 million in grants provided each winner with approximately US$50,000. Surveys tracking applicants over five years show that winning leads to greater firm entry, more survival, higher profits and sales, and higher employment, including increases of over 20 percentage points in the likelihood of a firm having ten or more workers.
format	Journal Article
author	McKenzie, David
author_facet	McKenzie, David
author_sort	McKenzie, David
title	Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
title_short	Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
title_full	Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
title_fullStr	Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
title_full_unstemmed	Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition
title_sort	identifying and spurring high-growth entrepreneurship : experimental evidence from a business plan competition
publisher	American Economic Association
publishDate	2017
url	http://hdl.handle.net/10986/29067
_version_	1764468412477603840

Identifying and Spurring High-Growth Entrepreneurship : Experimental Evidence from a Business Plan Competition

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