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Conference on Entrepreneurship and Growth

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Jointly sponsored by the Development Research Group and the
Investment Climate Advisory Services of the World Bank Group, and the
Ewing Marion Kauffman Foundation of Entrepreneurship

Entrepreneurship is important for the continued dynamism of the modern economy and economic growth. The aim of this conference is to explore government regulations and reforms, private sector initiatives, and financial sector developments that affect the creation of new firms, the average size of firms, and the dynamism of incumbent firms.

For additional information on the joint World Bank Group - Kauffman Foundation Entrepreneurship Project, see: http// 


November 19, 2009

8:00 - 9:00


9:00 - 9:10

Opening Remarks: Justin Lin (Chief Economist and Senior Vice President, World Bank)

9:10 - 11:00

Session 1: Promoting Business Formalization and Growth
Chair: Asli Demirguc-Kunt (Senior Research Manager, Development Research Group, World Bank)


Management Matters: Evidence from India


Nicholas Bloom (Stanford University), Benjamin Eifert (University of California, Berkeley) Aprajit Mahajan (Stanford University) David McKenzie (World Bank) John Roberts (Stanford University) (Presentation) 


Discussant: Ramana Nanda (Harvard Business School)


Youth Entrepreneurship in Bosnia


Miriam Bruhn (World Bank), Bilal Zia (World Bank)  (Presentation)


Discussant: Shawn Cole (Harvard Business School)


What Is the Cost of Formality? Experimentally Estimating the Demand for Formalization


Suresh de Mel (University of Peradeniya), David McKenzie (World Bank) and Christopher Woodruff (University of Warwick)  (Presentation)


Discussant: Randy Mitchell (US Department of Commerce)



11:00 - 11:20

Coffee Break


11:20 - 12:45

Session 2: Entrepreneurial Finance


Chair: Shidan Derakhshani (Director, Global Capital Markets Development Department, World Bank and IFC)
Success in Global Venture Capital Investing: Do Institutional and Cultural Differences Matter? 
 Sonali Hazarika (Zicklin School of Business, Baruch College, NY) Rajarishi Nahata (Zicklin School of Business, Baruch College, NY ) Kishore Tandon (Zicklin School of Business, Baruch College, NY)  (Presentation)
Discussant: Alexander Ljungqvist (New York University)
Improving Financial Access for Entrepreneurs in Developing Countris: Evidence from a Series of Experiments with Commercial Bank Loan Officers
Shawn Cole (Harvard Business School) Martin Kanz (Harvard University), Leora Klapper (World Bank)
Discussant: Enrichetta Ravina (Columbia University)

12:45 - 2:00

Lunch Break

2:00 - 4:00

PANEL: Promoting High-Growth Entrepreneurship 


Chair: Robert Litan (Vice President for Research and Policy, Kauffman Foundation, and Senior Fellow, Brookings Institution)
  • William Baumol (Professor of Entrepreneurship and Academic Director of the Berkley Center for Entrepreneurial Studies, Stern School of Business, New York University)
  • Nicholas Beim (Partner, Matrix Partners, and Board Member, Endeavor)
  • Orna Berry (Venture Partner, Gemini Israel Funds, Ltd.)  (Presentation)
  • Andrei Shleifer (Professor of Economics, Harvard University)
  • Annamaria Lusardi (Joel Z. and Susan Hyatt Professor of Economics, Dartmouth College)

4:00 - 4:15

Coffee Break


Session 3: Migration and Entrepreneurship


Chair: Ernesto May (Sector Director, PREM-FPD, South Asia Region, World Bank)
Indian Entrepreneurial Success in the United States, Canada and the United Kingdom 
Robert W. Fairlie (University of California, Santa Cruz), Harry Krashinsky (University of Toronto), Julie Zissimopoulos (RAND Corporation), and Krishna B. Kumar (RAND Corporation)  (Presentation)
Discussant: Anna Paulson (Federal Reserve Bank of Chicago)
From Rags to Riches: Does Culture Affect Entrepreneurial Activity? 
Christian Busch (KOF Swiss Economic Institute, Zurich) and Andrea Lassmann (KOF Swiss Economic Institute, Zurich)   (Presentation)
Discussant: Silvia Ardagna (Harvard University)
November 20, 2009




Opening Remarks: Robert Strom (Director for Policy and Research, Kauffman Foundation)

9:10 – 11:00

Session 4: Gender and Entrepreneurship

Chair: Elena Bardasi (Senior Economist, Gender and Development, Poverty Reduction & Economic Management Network, World Bank)
Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya
Pascaline Dupas (University of California, Los Angeles) and Jonathan Robinson (University of California, Santa Cruz)
Discussant: David McKenzie (World Bank)
Constraints to Female Entrepreneurship: Ideas or Capital?
Xavier Gine (World Bank) and Ghazala Mansuri (World Bank)  (Presentation)
Discussant: Monique Cohen (Microfinance Opportunities)
The Economic Impact of Banking the Unbanked: Evidence from Mexico 
Miriam Bruhn (World Bank) and Inessa Love (World Bank)  (Presentation)
Discussant: Camilo Mondragon-Velez (World Bank)

11:00- 11:20

Coffee Break

11:20- 12:45

Session 5: Institutions and Entrepreneurship


Chair: Cecile Fruman (Manager, Strategy and Analysis, Investment Climate Department, World Bank)
Growth in Post-Soviet Russia: A Tale of Two Transitions 
Daniel Berkowitz (University of Pittsburgh) and David DeJong (University of Pittsburgh)   (Presentation)
Discussant: Inessa Love (World Bank)
Who Has the Right Stuff? Human Capital, Entrepreneurship and Institutional Change in China 
Charles Eesley (Stanford University)   (Presentation)
Discussant: Larry Chavis (University of North Carolina, Chapel Hill)


Lunch Break


Session 6: Firms Dynamics and Size


Chair: William Maloney (Lead Economist, Development Research Group, World Bank)
Employee Spinoffs and other Entrants: Stylized Facts from Brazil 
Oana Hirakawa (University of California, San Diego), Marc-Andreas Muendler (University of California San Diego, Princeton University, CESifo & NBER), and
James Rauch (University of California San Diego, & NBER)   (Presentation)
Discussant: Daniel Lederman (World Bank)
Who Creates Jobs? Small vs. Large vs. Young 
John Haltiwanger (University of Maryland), Ron Jarmin (Center for Economic Studies, Bureau of the Census, Government of the US), and Javier Miranda, (Center for Economic Studies, Bureau of the Census, Government of the US)    (Presentation)
Discussant: Reena Aggarwal (Georgetown University)
Patterns of Business Creation, Survival, and Growth: Evidence from a Developing Country 
Leora Klapper (World Bank) and Christine Richmond (University of California, Los Angeles)  (Presentation)
Discussant: Mary Hallward-Driemeier (World Bank)

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