Abstract
This paper presents the salient factors that characterize important aspects of firms' access to external finance. Firm-level data show that micro, small and medium-sized enterprises (MSMEs) face more external financing constraints in Low Income Countries (LICs) than in their rich counterparts. We argue for a catalytic role that development cooperation can play in alleviating these constraints and discuss the critical policy issues as regards the effectiveness of these interventions.
Original language | English |
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Pages (from-to) | 9-28 |
Number of pages | 20 |
Journal | Reflets et perspectives de la vie économique |
Volume | 55 |
Issue number | 1 |
DOIs | |
Publication status | Published - 8 Apr 2016 |
Keywords
- DFI
- External finance
- Information asymmetry
- MSME