Gries, Thomas; Sievert, Gerhard; Wieneke, Axel - In: International Economics and Economic Policy 1 (2004) 2, pp. 157-171
In developing countries and countries in transition, a lack of finance is regarded as a major reason for the underperformance of the SME sector. The financial sector does not channel funds efficiently from savers to the most efficient investment. In a general equilibrium endogenous growth model,...