Friebel, Guido, Leinyuy, Jibirila
and Seabright, Paul
(2015)
The Schubert Effect: When Flourishing Businesses Crowd Out Human Capital.
World Development, 68.
pp. 124-135.
Abstract
We show that in family or household firms, credit constraints can make business investment a direct competitor to educational investment. We test this theory on data collected in Cameroon. Households that are not restricted by credit constraints invest more in education when demand for the product they produce and sell increases. However, credit-constrained households react in the opposite way: when demand increases, they invest less in education, as predicted by our theory. We obtain these results controlling for endogeneity of family size, of demand conditions, and credit constraints.
Item Type: | Article |
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Language: | English |
Date: | April 2015 |
Refereed: | Yes |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 16 Mar 2015 14:54 |
Last Modified: | 02 Apr 2021 15:49 |
OAI Identifier: | oai:tse-fr.eu:28888 |
URI: | https://publications.ut-capitole.fr/id/eprint/16659 |