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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)

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Working Paper: Public Credit Guarantees and Access to Finance (2016) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:1122

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