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Entrepreneurship and Financial Frictions: A Macro-Development Perspective

Francisco J. Buera, Joseph P. Kaboski, Yongseok Shin

NBER Working Paper No. 21107
Issued in April 2015
NBER Program(s):Development Economics, Economic Fluctuations and Growth, Productivity, Innovation, and Entrepreneurship

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.

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Document Object Identifier (DOI): 10.3386/w21107

Published: Francisco J. Buera & Joseph P. Kaboski & Yongseok Shin, 2015. "Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 409-436, 08. citation courtesy of

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