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dc.contributor.authorBrown, J. Daviden_US
dc.contributor.authorEarle, John S.en_US
dc.contributor.authorLup, Danaen_US
dc.date.accessioned2009-01-28T16:15:24Z-
dc.date.available2009-01-28T16:15:24Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/20613-
dc.description.abstractAlthough the development of a new private sector is generally considered crucial to economic transition, there has been rather little empirical research on the determinants of startup firm growth. This paper uses panel data techniques to analyze a survey of 297 new small enterprises in Romania containing detailed information from the startup date through 2001. We find strong evidence that access to external credit increases the growth of both employment and sales. Taxes appear to constrain growth. The data suggest that entrepreneurial skills have little independent effect on growth, once demand conditions are taken into account. The evidence for the effectiveness of technical assistance is weak: only assistance provided by foreign partners yields a positive effect. A wide variety of alternative measures of the business environment (contract enforcement, property rights, and corruption) are tested, but none are found to have any clear association with firm growth.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 1343en_US
dc.subject.jelP26en_US
dc.subject.jelO16en_US
dc.subject.jelM13en_US
dc.subject.jelO19en_US
dc.subject.ddc330en_US
dc.subject.keywordsmall firmsen_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordmicrofinanceen_US
dc.subject.keywordbusiness environmenten_US
dc.subject.keywordRomaniaen_US
dc.subject.stwKlein- und Mittelunternehmenen_US
dc.subject.stwUnternehmenswachstumen_US
dc.subject.stwRumänienen_US
dc.titleWhat Makes Small Firms Grow? : Finance, Human Capital, Technical Assistance, and the Business Environment in Romaniaen_US
dc.typeWorking Paperen_US
dc.identifier.ppn47424699Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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