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Selection or More Capital? Experimental Evidence on High-Growth Entrepreneurs in Kenya

商业计划竞赛旨在识别和激励高增长企业家。在肯尼亚的一项竞赛中嵌入了两个实验,以测试筛选强度和资本强度如何决定企业家的成果。申请人在简化流程后获得9000美元的补助金,或者经过多个筛选阶段,并被随机分配9000美元或36000美元。所有补助金 最初都创造了就业机会,但只有在多阶段筛选下,这些影响才持续了三年。较大的补助金并没有产生比多阶段9000美元补助金更大的长期影响,这表明资本的边际收益递减和有

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