Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with collateral constraints and endogenous entry and exit. A defining...

This paper analyses the statistical distribution of war size. We find strong support for a Pareto-type distribution (power law) using data from different sources (COW and UCDP) and periods. A power law describesaccurately the size distribution of all wars, but also the distribution of the sample...

The expansion of enterprise level datasets has led to the emergence of a large body of literature on patterns of employment and job dynamics across different enterprise types. In the context of India, where MSMEs have been traditionally supported and encouraged by different policy initiatives to...