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literature, little is known about the relationship between the bank market structure and access to finance for opaque firms …, particularly in developing economies such as South Africa. Using ordered probit and logit models, we investigate the impact of bank … market structure on small, micro and medium enterprises (SMMEs)access to finance. Our results show that high bank …
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The South African economy is generally understood to be characterised by high levels of product market concentration and high firm markups. This paper reviews the existing literature and discusses what can be learnt from new administrative firm-level panel data. I present new evidence on South...
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