Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and … liberalization increases economic performance, that is average productivity and technology adoption, in both countries but that the … productivity gap widens. Simulations show that the welfare gap widens too. Opening up without sufficient access to external funding …

To what extent do financial constraints act as conditioning factors on firm productivity? Is this impact different … credit constraint) and its productivity growth. The analytical framework assumes a Cobb–Douglas production function for firms …