Credit Crunches and Credit Allocation in a Model of Entrepreneurship
收藏NBER2013-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19296
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We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only slowly and rely heavily on retained earnings to expand the size of their business in this set-up, we show that, by
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美国国家经济研究局创建时间：
2013-08-01
