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Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries

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NBER2008-06-01 更新2025-01-04 收录
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Relative to their counterparts in high-income regions, entrepreneurs in developing countries face less efficient financial markets, more volatile macroeconomic conditions, and higher entry costs. This paper develops a dynamic empirical model that links these features of the business environment to

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2008-06-01
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