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Misallocation, Access to Finance, and Public Credit: Firm-Level Evidence

Leon-Ledesma, Miguel A., Christopoulos, Dimitris K (2016) Misallocation, Access to Finance, and Public Credit: Firm-Level Evidence. Asian Development Review, 33 (2). pp. 119-143. ISSN 0116-1105. E-ISSN 1996-7241. (doi:10.1162/ADEV_a_00075) (KAR id:57249)

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http://dx.doi.org/10.1162/ADEV_a_00075

Abstract

Using a database of 23,000 firms in 45 economies, we test the quantitative

determination of misallocation. We first derive measures of factor market and

test the significance of self-declared access-to-finance obstacles as well as the

bank. We find that access-to-finance obstacles and private credit increase the

not face financial obstacles, public credit increases the dispersion of distortions;

credit does not appear to compensate for the distortions that exist in private

part of the dispersion of factor market and size distortions.

Item Type: Article
DOI/Identification number: 10.1162/ADEV_a_00075
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Miguel Leon-Ledesma
Date Deposited: 12 Sep 2016 19:28 UTC
Last Modified: 29 May 2019 17:49 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/57249 (The current URI for this page, for reference purposes)
Leon-Ledesma, Miguel A.: https://orcid.org/0000-0002-3558-2990
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