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This paper explores firm-level heterogeneity to identify the underlying drivers of market power trends in Romania and the implications for competition and economic growth. The results show that the (sales-weighted) average markup in Romania increased by around 15 percent between 2008 and 2017. A...
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importance of financial constraints reveals that access to bank financing and profitability are not significantly related to … financing for market competition and risk management in credit constrained firms. "--World Bank web site …
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receives an earmarked credit from its bank, its interest rates on new loans in the free-market increase while the loan volume …
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