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Financial Frictions and the Rule of Law

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NBER2018-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24546
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Using cross-country micro establishment-level data we document that crime and lack of access to finance are two major obstacles to business operation in poor and developing countries. Using an otherwise standard model of production heterogeneity that integrates institutional differences in the
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2018-04-01
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