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Entrepreneurship Programs in Developing Countries: A Meta Regression Analysis

Author

Listed:
  • Cho, Yoon Y.

    (World Bank)

  • Honorati, Maddalena

    (World Bank)

Abstract
This paper provides a synthetic and systematic review on the effectiveness of various entrepreneurship programs in developing countries. We adopt a meta-regression analysis using 37 impact evaluation studies that were in the public domain by March 2012, and draw out several lessons on the design of the programs. We observe a wide variation in program effectiveness across different interventions depending on outcomes, types of beneficiaries, and country context. Overall, entrepreneurship programs have a positive and large impact for youth and on business knowledge and practice, but no immediate translation into business set-up and expansion or increased income. At a disaggregate level by outcome groups, providing a package of training and financing is more effective for labor activities. Additionally, financing support appears more effective for women and business training for existing entrepreneurs than other interventions to improve business performance.

Suggested Citation

  • Cho, Yoon Y. & Honorati, Maddalena, 2013. "Entrepreneurship Programs in Developing Countries: A Meta Regression Analysis," IZA Discussion Papers 7333, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp7333
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    More about this item

    Keywords

    training; microenterprise development; entrepreneurship programs; meta regression analysis; financing; counseling;
    All these keywords.

    JEL classification:

    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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