This paper documents the relationship between regional financial development and firm growth in the Peruvian manufacturing sector. In order to control for mutual causality between credit availability and firm growth, industry differences in financial dependence on external funds are exploited....

"Focuses on two trends: 1) State abandonment of certain functions and their adoption by the private sector; and 2) NGO dominance in filling the social welfare vacuum. Authors use two analytical approaches: the micro and small enterprises as export generators, and NGOs as tools to help promote...