Finance and Demand for Skill: Evidence from Uganda
利用乌干达小企业调查数据，研究发现企业获得外部融资能显著促进其增加技能型员工，但对临时工和家庭工的雇佣无显著影响。
We explore the empirical interaction between firm growth, financing constraints, and job creation. Using a novel small-business survey from Uganda, we find that the extent to which small businesses expand skilled employment as their sales and profits increase is significantly related to access to external funding, while the hiring of casual and family workers is not. The results are robust to the inclusion of various firm level controls, region and sector fixed effects. We support our findings by providing empirical evidence on the relationship between planned hiring and firms’ access to finance.