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Ethnic networks and access to credit : evidence from the manufacturing sector in Kenya (Английский)

It is often anecdotally observed that networks can facilitate exchange, but there are few empirical studies that explore the significance of such networks. In this paper the authors analyze the impact of ethnic networks on access to finance of Kenyan firms using an exceptionally rich data set. The authors find that ethnicity does not affect access to formal sources of finance, but being a member of an ethnic group is significant in explaining access...
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