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Correlates of business survival: empirical evidence on youth-owned micro and small enterprises in Urban Ethiopia

Tasssew Woldehanna (), Wolday Amha and Manex B. Yonis
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Tasssew Woldehanna: Addis Ababa University
Wolday Amha: Association of Ethiopian Microfinance Institutions
Manex B. Yonis: Association of Ethiopian Microfinance Institutions

IZA Journal of Migration and Development, 2018, vol. 8, issue 1, 1-26

Abstract: Abstract This paper investigates the effects of person-, firm-, industry-, and business strategy-specific characteristics on the survival of youth-owned urban micro and small enterprises in Ethiopia. It employs nonparametric and semi-parametric methodologies using a retrospective data. The hazard rate reaches the highest point at business 2 years for micro enterprises and 4 years for small enterprises. Owner-, firm-, and industry-specific characteristics are important factors for micro and small enterprises’ (MSEs’) survival. Marketing and financial management strategies are playing a crucial role on extending MSEs’ survival duration. The study implies there should be more effective and longer period of support for micro than small enterprises.

Keywords: Youth self-employment; Micro- and small-scale enterprises; Hazard model (search for similar items in EconPapers)
JEL-codes: C14 C41 D21 J23 L26 M21 (search for similar items in EconPapers)
Date: 2018
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