Credit Constraints in Manufacturing Enterprises in Africa

Arne Bigsten (), Paul Collier, Stefan Dercon (), Marcel Fafchamps (), B. Gauthier, Jan Willem Gunning (), Mans M. Soderbom (), A. Oduro, Remco Oostendorp, C. Patillo, Francis John Teal and A. Zeufack

Working Papers Series from Centre for the Study of African Economies, University of Oxford

Abstract: We investigate the question whether firms in the manufacturing sector in Africa are credit constrained. The fact that few firms obtain credit is not sufficient to prove constraints, since certain firms may not have a demand for credit while others may be refused credit as part of profit maximising behaviour by banks.

Keywords: ENTERPRISES; CREDIT; MANUFACTURING INDUSTRIES; DEVELOPING COUNTRIES (search for similar items in EconPapers)
JEL-codes: O55 N67 (search for similar items in EconPapers)
Date: 2000
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