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This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian firm-level data from 2000-2018. To do so, we construct a measure of financial constraints. We estimate that, given firm characteristics, removing these constraints can improve...
Persistent link: https://www.econbiz.de/10015059916
This paper documents the existence of medium-to-long term output losses following large crises using panel data that cover 192 countries from 1970 to 2015 and shows that the magnitudes of economic scarring depend on the nature of the shock, economic activity, and pre-crisis conditions. It also...
Persistent link: https://www.econbiz.de/10015059917