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Small Firm Growth in Developing Countries

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  • Nichter, Simeon
  • Goldmark, Lara

Abstract

Summary Although the vast majority of small firms in developing countries never expand beyond a few employees, some experience rapid and substantial growth. This study explores factors associated with small firm growth. We discuss key findings for four types of factors: (1) individual entrepreneur characteristics; (2) firm characteristics; (3) relational factors (such as social networks or value chains); and (4) contextual factors (such as the business environment). We conclude by suggesting implications for development practitioners.

Suggested Citation

  • Nichter, Simeon & Goldmark, Lara, 2009. "Small Firm Growth in Developing Countries," World Development, Elsevier, vol. 37(9), pages 1453-1464, September.
    • Handle: RePEc:eee:wdevel:v:37:y:2009:i:9:p:1453-1464
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