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both CEEFSU countries and China typically impose hard budget constraints on each other; levels of trade credit in China … being paid; the level of total trade credit observed in China, at about 20-25% of GDP, is similar to that observed not only … constraints in the enterprise sector in China and the transition countries of Central and Eastern Europe and the former Soviet …
Persistent link: https://www.econbiz.de/10009476838
This research titled "Analysis of Influence of Credit and Interest Rate Increase Economic Growth in Disability Sumatera … determine the influence of credit and interest rate of economic growth in 1989-2008 of North Sumatra. This research uses … that the higher credit demand, then economic growth will increase. Meanwhile, the higher the interest rate, then economic …
Persistent link: https://www.econbiz.de/10009464536
Romer (2000) provides an alternative model to the AS/AD and IS/LM models that abandons the LM schedule by having the short-term interest rate set by the central bank. His framework acknowledges the critical role of the central bank in determining short-term interest rates, which moves mainstream...
Persistent link: https://www.econbiz.de/10009467791
expensive overdraft and supplier credit are frequently used for investment purposes. Yet alternative financing capital such as …
Persistent link: https://www.econbiz.de/10009483677
This paper documents and analyses gross job flows and their determinants in Ukraine using a unique data set of more than 2200 Ukrainian firms operating in both the manufacturing and the non-manufacturing sector for the years 1998-2000. There are several important findings in the paper. Job...
Persistent link: https://www.econbiz.de/10009476705
This paper documents and analyses gross job flows and their determinants in Ukraine using a data set of more than 2200 Ukrainian firms operating in manufacturing and non-manufacturing for the years 1998-2000. Job destruction dominates job creation in both 1999 and 2000. Another clear-cut result...
Persistent link: https://www.econbiz.de/10009477034
This paper documents and analyses gross job flows and their determinants in Ukraine using a dataset of more than 2200 Ukrainian firms operating in manufacturing and non-manufacturing for the years 1998–2000. Job destruction dominates job creation in both 1999 and 2000. Another clear-cut result...
Persistent link: https://www.econbiz.de/10009477363
We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...
Persistent link: https://www.econbiz.de/10009477387
Este trabajo estudia las características empresariales que favorecen la correcta aplicación de las obligaciones contables sobre información financiera de sociedades privadas no financieras e ilustra cómo el crédito bancario ayuda a ello. Nuestros análisis se basan en una singular...
Persistent link: https://www.econbiz.de/10013453548
Trade credit is an important way of firm financing. Its habitualpractice and the excessive enlargement of the payment … light on thefactors related to the extension of trade credit in a set firms of the agrofoodindustry. In the theoretic and … empirical literature different motives have beenproposed to explain the extension of trade credit: a mechanism to …
Persistent link: https://www.econbiz.de/10009445677