Entrepreneurial human capital and micro and small business in Lao PDR
- P. Onphanhdala and T. Suruga (2010). Developing Economies, 181-202
- Abstract: This paper examines the determinants of performance in 1,776 micro and small enterprises that represent all industry sectors and geographical regions in Lao PDR. Although considerable resources are being directed toward promotion schemes in the country, empirical research on this subject is very limited. This study provides concrete insights into development strategies, particularly investment in basic education. The impact of business experience is small and insignificant. The differences between urban and rural, and Lao and ethnic minorities are narrowing in the younger generation, but still remain very large. The difference between male and female entrepreneurs found in most reports is rejected regardless of region, groups, and generation. These findings would help to formulate further efforts attempting to promote this sector. 2010 The Authors. Journal compilation 2010 Institute of Developing Economies.
- Theme: Growth and performance, Minority/Ethnicity
- Keywords: Economic transition, Micro business, Returns to human capital, ethnic minority, human capital, industrial development, industrial performance, investment, microeconomics, microenterprise, small and medium-sized enterprise, Laos
- Reference type: Journal Article
- Geographic location: Laos, Asia, Global South