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We review the literature on financial constraints and the performance of small and medium enterprises (SMEs). We … consider the important role that SMEs play in the economies of Australia and the Organisation for Economic Cooperation and … Development. We examine the role of financial constraints in SME growth, with emphasis on business cycles and credit access. We …
Persistent link: https://www.econbiz.de/10012842053
. This paper investigates how the access to finance affects employment in small and medium-sized enterprises (SMEs) in Sub … an impact evaluation-based approach on firm-level data from 42 African countries, we show that SMEs with access to formal …
Persistent link: https://www.econbiz.de/10012822842
Industry mean wages in China have exhibited sharply increased dispersion since the early 1990s. The upward trend in … contributed to wage inequality due monopoly rent sharing. We show that the industrial wage dispersion in China has evolved to …
Persistent link: https://www.econbiz.de/10013121750
This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …
Persistent link: https://www.econbiz.de/10012929109
The increased range and quality of China's exports is a major ongoing development in the international economy with … potentially far-reaching effects. In this paper, on top of the direct effects of increased imports from China studied in previous … and employment are significantly negatively affected by China's competition, but only through the indirect 'market …
Persistent link: https://www.econbiz.de/10012911170
Korean government has invested significant amount of resources through credit guarantee funds to promote SMEs survival …
Persistent link: https://www.econbiz.de/10013061446
tend not to face higher interest rates because they provide collateral. This paper illustrates these effects in a model and …
Persistent link: https://www.econbiz.de/10013130785
The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
Sharing is a norm in many societies. We present a theoretical model on the trade-off between sharing and investment which we test on data from tailors in Burkina Faso. The empirical results support the idea that there are two behavioural patterns: entrepreneurs following an 'insurance regime'...
Persistent link: https://www.econbiz.de/10013085483
Worldwide 600 million jobs are needed over the next 15 years to keep employment rates at their current level. Governments, non-governmental organizations and donors spend on targeted programs and broader policies to enhance employment creation and the creation of new firms. Because most...
Persistent link: https://www.econbiz.de/10013053526