Working Paper #2010-038
Financing pro-poor entrepreneur-based innovation: A review of existing literature
That innovation and entrepreneurship are important for poverty
alleviation and development is well established. However, despite a
general agreement that finance affects growth and development by
supporting innovative activities in the economy, little has been written
specifically on how pro-poor entrepreneur-based innovation in rural
areas should be financed. This review explores the literature relevant
to understanding financing of pro-poor innovation and entrepreneurship,
and shows that financial theories are moving from linear supply-led
subsidised credit approaches towards new, more systemic perspectives.
These include theories on financial systems theories, microfinance, and
financial access and inclusion. This review notes that a theoretical and
policy gap exists as regards financing of pro-poor entrepreneur-based
innovation in rural areas.
- Keywords
-
- Pro-poor finance
- finance innovation
- finance entrepreneurship
- financial innovation
- rural finance
- JEL codes
-
- O16
- O18
- O31
- R51
- UNU-MERIT
- Working
- Papers
- ISSN
- 1871-9872
Cite this as
APA 7th ed.Sonne, L. (2010). Financing pro-poor entrepreneur-based innovation: A review of existing literature (UNU-MERIT Working Paper No. 2010-038). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=3978