This paper provides a framework to study how different allocation systems of public procurement contracts affect firm dynamics and long-run macroeconomic outcomes. It builds a novel panel dataset for Spain that merges public procurement data, credit register loan data, and quasi-census firm-level data. The paper provides evidence consistent with the hypothesis that procurement contracts act as collateral for firms and help them grow out of their financial...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2023/07/24
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Рабочий документ в рамках исследования вопросов политики
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WPS10522
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1
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2023/07/24
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Disclosed
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Buy Big or Buy Small ? Procurement Policies, Firms’ Financing, and the Macroeconomy