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This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises …
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' financing constraints, but only at low levels of gross domestic product per capita …
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This paper investigates the contribution of small firms to employment, job creation, and growth in developing countries. While small firms (20 employees) have the smallest share of aggregate employment, the SME sector's (100 employees) contribution is comparable to that of large firms. Small...
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financing improvements. These findings are consistent with the view that easing financial frictions is a source of value that …
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