Publication:
Money or Ideas? A Field Experiment on Constraints to Entrepreneurship in Rural Pakistan

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dc.contributor.authorGine, Xavier
dc.contributor.authorMansuri, Ghazala
dc.date.accessioned2014-08-15T17:02:19Z
dc.date.available2014-08-15T17:02:19Z
dc.date.issued2014-06
dc.description.abstractThis paper identifies the relative importance of human and physical capital for entrepreneurship. A subset of rural microfinance clients were offered eight full time days of business training and the opportunity to participate in a loan lottery of up to Rs. 100,000 (USD 1,700), about seven times the average loan size. The study finds that business training increased business knowledge, reduced business failure, improved business practices and increased household expenditures by about $40 per year. It also improved financial and labor allocation decisions. These effects are concentrated among male clients, however. Women improve business knowledge but show no improvements in other outcomes. A cost-benefit analysis suggests that business training was not cost-effective for the microfinance institution, despite having a positive impact on clients. This may explain why so few microfinance institutions offer training. Access to the larger loan, in contrast, had little effect, indicating that existing loan size limits may already meet the demand for credit for these clients.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19749952/money-or-ideas-field-experiment-constraints-entrepreneurship-rural-pakistan
dc.identifier.urihttps://hdl.handle.net/10986/19367
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6959
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO CREDIT
dc.subjectACCOUNTING
dc.subjectACCOUNTS
dc.subjectADMINISTRATIVE RECORDS
dc.subjectADVERTISING
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectBALANCE SHEET
dc.subjectBANK ACCOUNT
dc.subjectBANK DEPOSIT
dc.subjectBANK OFFICE
dc.subjectBOOKKEEPING
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS CREATION
dc.subjectBUSINESS DECISIONS
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESS EXPERIENCE
dc.subjectBUSINESS FAILURE
dc.subjectBUSINESS FAILURES
dc.subjectBUSINESS IDEAS
dc.subjectBUSINESS NEEDS
dc.subjectBUSINESS OPERATIONS
dc.subjectBUSINESS OWNER
dc.subjectBUSINESS OWNERSHIP
dc.subjectBUSINESS PERFORMANCE
dc.subjectBUSINESS PLAN
dc.subjectBUSINESS PLANNING
dc.subjectBUSINESS SECTOR
dc.subjectBUSINESS SKILLS
dc.subjectBUSINESS SUCCESS
dc.subjectBUSINESS SURVIVAL
dc.subjectBUSINESS TRAINING
dc.subjectBUSINESS WOMEN
dc.subjectBUYER
dc.subjectBUYERS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL INJECTIONS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCOMMERCE
dc.subjectCOMPUTER LITERACY
dc.subjectCOST ANALYSIS
dc.subjectCREDIT CONSTRAINT
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT HISTORY
dc.subjectCREDIT OFFICERS
dc.subjectCREDIT PRODUCTS
dc.subjectCULTURAL NORMS
dc.subjectCUSTOMER LOYALTY
dc.subjectDEMAND FOR CREDIT
dc.subjectDISTRIBUTION SYSTEMS
dc.subjectE-MAIL
dc.subjectEMPLOYEE
dc.subjectEMPOWERMENT
dc.subjectENTREPRENEURIAL ABILITY
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFAMILIES
dc.subjectFARM ENTERPRISE
dc.subjectFARM ENTERPRISES
dc.subjectFEMALE BORROWERS
dc.subjectFEMALE BUSINESSES
dc.subjectFEMALE CLIENT
dc.subjectFEMALE CLIENTS
dc.subjectFEMALE ENTERPRISE
dc.subjectFEMALE ENTREPRENEUR
dc.subjectFEMALE ENTREPRENEURS
dc.subjectFEMALE ENTREPRENEURSHIP
dc.subjectFINANCIAL CAPITAL
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL LITERACY
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL RESOURCES
dc.subjectFIXED ASSETS
dc.subjectFIXED COST
dc.subjectGENDER
dc.subjectGENDER DIFFERENCES
dc.subjectGENDER EQUITY
dc.subjectGENDERS
dc.subjectGROUPS OF BORROWERS
dc.subjectGUARANTORS
dc.subjectHANDICRAFTS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD WELFARE
dc.subjectHOUSEHOLDS
dc.subjectHUSBAND
dc.subjectHUSBANDS
dc.subjectINFORMAL ECONOMY
dc.subjectINITIAL LOAN
dc.subjectINNOVATION
dc.subjectINNOVATION POLICY
dc.subjectINSTALLMENT
dc.subjectINSTALLMENTS
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORY
dc.subjectJOINT LIABILITY
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLENDER
dc.subjectLENDERS
dc.subjectLICENSE
dc.subjectLIVESTOCK LOAN
dc.subjectLIVESTOCK LOANS
dc.subjectLOAN
dc.subjectLOAN AMOUNT
dc.subjectLOAN AMOUNTS
dc.subjectLOAN APPLICANTS
dc.subjectLOAN DEFAULT
dc.subjectLOAN DEMAND
dc.subjectLOAN PAYMENTS
dc.subjectLOAN PRODUCTS
dc.subjectLOAN REPAYMENT
dc.subjectLOAN REPAYMENT RATES
dc.subjectLOAN REQUESTS
dc.subjectLOAN SIZE
dc.subjectLOAN SIZES
dc.subjectMANUFACTURING
dc.subjectMARKETING
dc.subjectMATERIAL
dc.subjectMICRO BUSINESS
dc.subjectMICRO ENTREPRENEURS
dc.subjectMICRO FINANCE
dc.subjectMICRO-CREDIT
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMORAL HAZARD
dc.subjectNEW BUSINESS
dc.subjectNEW BUSINESSES
dc.subjectOPEN ACCESS
dc.subjectOUTSTANDING DEBT
dc.subjectOUTSTANDING LOAN
dc.subjectPERSONAL COMPETENCIES
dc.subjectPHYSICAL CAPITAL
dc.subjectPOOR ACCESS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCT DESIGN
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROTOCOLS
dc.subjectRECEIPTS
dc.subjectREPAYMENT
dc.subjectREPORTING
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectSAFETY NET
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSELF-EMPLOYMENT
dc.subjectSELF-HELP
dc.subjectSHADOW ECONOMIES
dc.subjectSTART-UP
dc.subjectTIME PERIOD
dc.subjectTRAINING COURSE
dc.subjectTRAINING COURSES
dc.subjectURBAN AREAS
dc.subjectUSERS
dc.subjectUSES
dc.subjectVILLAGE
dc.subjectWEB
dc.subjectWOMAN
dc.subjectWOMEN BUSINESS OWNERS
dc.subjectWOMEN ENTREPRENEURS
dc.titleMoney or Ideas? A Field Experiment on Constraints to Entrepreneurship in Rural Pakistanen
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.disclosure2014-07-01
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19749952/money-or-ideas-field-experiment-constraints-entrepreneurship-rural-pakistan
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid480101468074334449
okr.identifier.doi10.1596/1813-9450-6959
okr.identifier.externaldocumentum000158349_20140630163715
okr.identifier.internaldocumentum19749952
okr.identifier.reportWPS6959
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/30/000158349_20140630163715/Rendered/PDF/WPS6959.pdfen
okr.region.administrativeSouth Asia
okr.region.countryPakistan
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Competitiveness and Competition Policy
okr.topicPrivate Sector Development::Business in Development
okr.topicPrivate Sector Development::E-Business
okr.unitFinance and Private Sector Development Team; and the Agriculture and Rural Development Team, Development Research Group
okr.volume1 of 1
relation.isAuthorOfPublication460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isAuthorOfPublicationb0d03fbb-dd7e-537c-8153-c916bfe24452
relation.isAuthorOfPublication.latestForDiscovery460a3e9c-f7d0-5335-977a-578f6fc8ebe3
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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