Policy brief: Income variability and innovation
Entrepreneurs in the developing world are vulnerable to a range of negative shocks and constraints associated with a lack of development
Abstract
Small poor entrepreneurs in the developing world are vulnerable to a range of negative shocks and constraints associated with a lack of development. They spend most of their lives coping with frequent income disruptions, balancing expenses, and making difficult trade-off decisions. This is not without implications; some studies suggest that entrepreneurs’ preoccupations with pressing budgetary concerns and income variability could leave them with a reduced mental capacity to guide their decision making in business management.
Citation
Tilburg University (2016) Policy brief: Income variability and innovation
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Published 1 January 2016