Public Credit Guarantees and Access to Finance

Juan Carlos Gozzi () and Sergio Schmukler

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: This paper studies a famous unsolved puzzle in quantitative social science. Why do some nations report such high levels of mental well-being? Denmark, for instance, regularly tops the league table of rich countries’ happiness; Britain and the US enter further down; some nations do unexpectedly poorly. The explanation for the longobserved ranking -- one that holds after adjustment for GDP and other socioeconomic variables -- is currently unknown. Using data on 131 countries, the paper cautiously explores a new approach. It documents three forms of evidence consistent with the hypothesis that some nations may have a genetic advantage in well-being.

Keywords: credit guarantees; public guarantees; SME financing; access to finance; public risk absorption (search for similar items in EconPapers)
JEL-codes: E44 G28 H11 O16 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-ger, nep-hap and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/w ... twerp_1122_gozzi.pdf

Related works:
Working Paper: Public Credit Guarantees and Access to Finance (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:1122

Access Statistics for this paper

More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Margaret Nash ().