| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14116 |
| 来源ID | Working Paper 14116 |
| Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries | |
| Eric Bond; James R. Tybout; Hâle Utar | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | 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 cross-firm productivity distributions, entrepreneurs' welfare, and patterns of industrial evolution. Applied to panel data on Colombian apparel producers, the model yields econometric estimates of a credit market imperfection index, the sunk costs of creating a new business, and a risk aversion index (inter alia). Model-based counterfactual experiments suggest that improved intermediation could dramatically increase the return on assets for entrepreneurial households with modest wealth, and that the gains are particularly large when the macro environment is relatively volatile. |
| 主题 | Microeconomics ; Households and Firms ; Industrial Organization ; Firm Behavior ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w14116 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571792 |
| 推荐引用方式 GB/T 7714 | Eric Bond,James R. Tybout,Hâle Utar. Credit Rationing, Risk Aversion and Industrial Evolution in Developing Countries. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14116.pdf（827KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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