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dc.contributor.authorBrown, J. Daviden
dc.contributor.authorEarle, John S.en
dc.contributor.authorLup, Danaen
dc.date.accessioned2009-01-28T16:15:24Z-
dc.date.available2009-01-28T16:15:24Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20613-
dc.description.abstractAlthough the development of a new private sector is generally considered crucial to economictransition, there has been rather little empirical research on the determinants of startup firmgrowth. This paper uses panel data techniques to analyze a survey of 297 new smallenterprises in Romania containing detailed information from the startup date through 2001.We find strong evidence that access to external credit increases the growth of bothemployment and sales. Taxes appear to constrain growth. The data suggest thatentrepreneurial skills have little independent effect on growth, once demand conditions aretaken into account. The evidence for the effectiveness of technical assistance is weak: onlyassistance provided by foreign partners yields a positive effect. A wide variety of alternativemeasures of the business environment (contract enforcement, property rights, andcorruption) are tested, but none are found to have any clear association with firm growth.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1343en
dc.subject.jelP26en
dc.subject.jelO16en
dc.subject.jelM13en
dc.subject.jelO19en
dc.subject.ddc330en
dc.subject.keywordsmall firmsen
dc.subject.keywordentrepreneurshipen
dc.subject.keywordmicrofinanceen
dc.subject.keywordbusiness environmenten
dc.subject.keywordRomaniaen
dc.subject.stwKlein- und Mittelunternehmenen
dc.subject.stwUnternehmenswachstumen
dc.subject.stwRumänienen
dc.titleWhat Makes Small Firms Grow? : Finance, Human Capital, Technical Assistance, and the Business Environment in Romania-
dc.typeWorking Paperen
dc.identifier.ppn47424699Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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