Analysis of data from Brazil suggest that poverty responds asymmetrically to output shocks, showing less tendency to …

affect poverty. He applies the technique to Brazil, using annual data for 1981-99. The results indicate that poverty responds … asymmetric effect on poverty. He identifies four potential sources of asymmetry: expectations and cofident factors, credit … constraints at the household level, and the "labor hoarding" hypothesis. He also identifies some testable implications of these …

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong … product market competition. In terms of human resources management, credit constraints are not only found to foster employment …

This paper takes advantage of access to detailed matched bank-firm data to investigate whether and how employment … constraints have been essentially detrimental for employment among SMEs experiencing a negative demand shock or facing strong … product market competition. In terms of human resources management, credit constraints are not only found to foster employment …