Obstacles to productivity in Asia and Pacific region: finance reigns

Filipe Lage de Sousa
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Filipe Lage de Sousa: Fluminense Federal University - Brazil

No WP/16/05, MPDD Working Paper Series from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Firms face difference obstacles for their development. This paper investigates which obstacle is the largest to firms’ productivity using micro-level data for the Asia and Pacific region. Access to finance shows the most robust result in our investigation, being stronger for SMEs. Removing SMEs’ credit constraints seem to be a powerful tool to promote economic growth in the region, particularly in the manufacturing sector.

Date: 2016-06
New Economics Papers: this item is included in nep-eff, nep-ent, nep-fdg, nep-sbm and nep-sea
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https://repository.unescap.org/handle/20.500.12870/1266

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Persistent link: https://EconPapers.repec.org/RePEc:unt:wpmpdd:wp/16/05

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