Abstract This paper employs spatial econometrics techniques to estimate the impact of bankruptcy regulation on small firm formation. The estimation of the model is computationally challenging due to the joint appearance of a lagged endogenous variable and the unobserved heterogeneity which...

Women's empowerment in relation to microcredit programmes is a prominent issue in the literature of microcredit. Not only the founder of the Grameen Bank is awarded the 2006 Nobel Peace Prize on the microcredit programme of Bangladesh but it has also been a topic of great interest to researchers...