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Is investment constrained more by insecure property rights or by limited external finance? For five transition economies in Eastern Europe and the former Soviet Union we find that weak property rights limit the reinvestment of profits in startup manufacturing firms. Access to credit does not...
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Is investment constrained more by insecure property rights or by limited external finance? For five transition economies in Eastern Europe and the former Soviet Union we find that weak property rights limit the reinvestment of profits in startup ma nufacturing firms. Access to credit does not...
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We use survey data to examine new firms in Poland, Slovakia, Romania, Russia and Ukraine. By measures of job growth …, security of property, and market development, our countries fall into two groups: an advanced group including Poland, Romania …
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