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Credit and saving constraints in general equilibrium : evidence from survey data

Granda Carvajal, Catalina; Hamann S., Franz A.; Tamayo, … - 2017

across producers that in turn lowers output, productivity, and the return to formal financial instruments. We calibrate the …

Persistent link: https://www.econbiz.de/10011656466

Liquidity or capital? : the impacts of easing credit constraints in rural Mexico

Aparicio, Gabriela; Bobić, Vida; De Olloqui, Fernando; … - 2021

This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans provided by a national public development finance institution. In contrast to most of the existing literature, the study focuses on the effect of medium-sized loans over a two- to...

Persistent link: https://www.econbiz.de/10012583895

The effect of informal competition on registered firms' credit constraints : global evidence, channels, and the roles of productivity and financial development

Kouakou, Dorgyles C. M. - 2024 - This version: October 26, 2024

Persistent link: https://www.econbiz.de/10015095425

Bankruptcy choice with endogenous financial constraints

Tamayo, Cesar E. - 2017

In this paper we study firm dynamics and industry equilibrium when firms under financial distress face a non-trivial choice between alternative bankruptcy procedures. Given limited commitment and asymmetric information, financial contracts specify default, renegotiation and reorganization...

Persistent link: https://www.econbiz.de/10011673284

What explains the productivity decline in manufacturing in the nineties in India?

Ray, Saon - 2014

This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor … productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … Indian manufacturing industries. The paper then analyses the factors explaining productivity growth, technical change and …

Persistent link: https://www.econbiz.de/10010437777

Pyramid capitalism : cronyism, regulation, and firm productivity in Egypt

Diwan, Ishac; Keefer, Philip; Schiffbauer, Marc - 2016

Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...

Persistent link: https://www.econbiz.de/10011544875

How does market competition affect firm innovation incentives in emerging countries? : evidence from Chile and Colombia

Benavente H., José Miguel; Zuniga, Pluvia - 2022

incentives are mostly concentrated in the medium range of the firm productivity distribution. These findings are robust to …

Persistent link: https://www.econbiz.de/10014496286

Building up local productivity : infrastructure and firm dynamics in Mexico

Busso, Matias; Fentanes, Oscar - 2024

generating endogenous changes in local productivity. In this paper, we document and quantify the importance of this channel by … delays in the construction of highways, we empirically show that productivity grows in places with better transportation … total factor productivity. Then, by calibrating our model on census data between 1998 and 2018, we find that new highways …

Persistent link: https://www.econbiz.de/10015078327

Labeled loans and human capital investments

Augsburg, Britta; Caeyers, Bet; Giunti, Sara; Malde, Bansi - 2023

Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...

Persistent link: https://www.econbiz.de/10014371953

An encompassing model & test of the Evans-Jovanovic credit constraints hypothesis

Cressy, Robert C.; Bonnet, Jean - 2016

Persistent link: https://www.econbiz.de/10011712928