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This paper investigates the detfirminants of firm survival and growth in Slovenia, a country in transition from a plan … structure. Evidence suggests that, in Slovenia, during the first four years of transition, private and foreign owned firms … Slovenia face hard budget constraints. …
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This paper analyzes the impact of churning in the imported varieties of capital and intermediate inputs on firm export scope and productivity. Using detailed data on imports and exports at the firm–product-market level, we document substantial churning in both imports and exports for the...
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This paper uses firm level data to show how R&D investment responds to shocks in sales growth in credit constrained firms. A credit constrained firm has to rely on its cash flow and borrowing capacity to survive its short-run liquidity shock when hit by a negative shock. This reduces the...
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