Private Businesses Predict Limited Growth for 2013

Craig Everett and Kose John

MPRA Paper from University Library of Munich, Germany

Abstract: The quarterly private capital access (PCA) index and the private capital demand (PCD) index, economic indicators published by the Pepperdine Private Capital Markets Project, predict continued low levels of both demand and access in the near future. Thus the near-term prospects for robust economic growth are restricted. The implied policy recommendation for national and local governments is to enhance loan guarantee programs for private firms with revenues of less than five million USD ($5M).

Keywords: Private Capital Markets; Debt; Equity; External Capital; Small Business (search for similar items in EconPapers)
JEL-codes: E32 E37 M13 (search for similar items in EconPapers)
Date: 2013-01
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https://mpra.ub.uni-muenchen.de/55655/1/MPRA_paper_55528.pdf revised version (application/pdf)

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