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Does a country's ability to enforce debt contracts affect the sensitivity of economic activity to collateral values? To … assets are transfered to alternative uses - as a proxy for collateral liquidation values. Our measure exploits the ….S. industries. Using a cross-industry cross-country approach, we find that industry size and growth are more sensitive to collateral …
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Recent reforms in Myanmar have already shown some positive impacts on the manufacturing sector, which must play a key role in the industrial transformation, including increased investment flows domestically and internationally and the development of fundamental infrastructure for the sector....
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-protected import substitution industrialization strategy of 1960-83 to an outward liberalized strategy during 1984-2000, and since 2001 …
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