This study develops a measure of firm-level credit constraints by leveraging refinements in survey instruments for a widely used database. Using data on more than 65,000 firms across 109 economies, the study uncovers several insights. Around 30 percent of firms in the formal private sector are credit constrained. Firms that are credit-constrained tend to be smaller and negatively correlated with performance. The more developed the economy, the lower...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2023/06/26
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Рабочий документ в рамках исследования вопросов политики
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WPS10502
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1
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2023/06/26
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Disclosed
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How Prevalent Are Credit-Constrained Firms in the Formal Private Sector ? Evidence Using Global Surveys
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