contributes little to growth compared to factor accumulation and rising farm productivity. I use a government credit intervention … to test my measures. I confirm that credit causes a statistically significant decrease in only financial market …

This study investigates how financial development affects capital allocation across industries in a panel of countries …

This study investigates how financial development affects capital allocation across industries in a panel of countries …

to public and private credit for the determination of misallocation. We first derive measures of factor market and size …-to-finance obstacles as well as the effect of access to a credit line issued by either a government-owned or private bank. We find that … access-to-finance obstacles and private credit increase the dispersion of distortions. Public credit has a very small effect …

capital, the influence of firm ownership and political connections, informality, the allocation of talent across the economy …

efficient allocation of production factors across firms. In this study, we measure the effect of bureaucracy, labor regulations …