Download This PaperObstacles to Productivity in Asia and Pacific Region: Finance Reigns
MPFD Working Paper, No. WP/16/05
37 Pages Posted: 9 Nov 2016
Date Written: June 8, 2016
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.
Keywords: Credit Constraints; Productivity; SME
JEL Classification: D92; E22
Suggested Citation: Suggested Citation
Lage de Sousa, Filipe, Obstacles to Productivity in Asia and Pacific Region: Finance Reigns (June 8, 2016). MPFD Working Paper, No. WP/16/05, Available at SSRN: https://ssrn.com/abstract=2866588 or http://dx.doi.org/10.2139/ssrn.2866588
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