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Constrained firms, not subsistence activities : evidence on capital returns and accumulation in Peruvian microenterprises

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We investigate the returns to capital and capital accumulation using panel data of Peruvian micro enterprises (MEs). Marginal returns to capital are found to be very high at low levels of capital, but rapidly decreasing at higher levels. The dynamic analyses of capital accumulation in MEs...

Persistent link: https://www.econbiz.de/10009627349

Constrained firms, not subsistence activities : evidence on capital returns and accumulation in Peruvian microenterprises

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