Abstract

This study examines relationships among microfinance efficiency, entrepreneurial opportunity, and economic competitiveness in twenty-four emerging markets. An empirical framework and set of hypotheses are developed to test the relationships. Results indicate that microfinance efficiency has significant and positive effects on entrepreneurial opportunity and economic competitiveness in these markets. Further, entrepreneurial opportunity has a strong influence on economic competitiveness and plays a mediating role in the relationship between microfinance efficiency and economic competitiveness. Based on the results, strengthening microfinance efficiency is an important vehicle for fostering entrepreneurial opportunity and economic competitiveness in the emerging countries.

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