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Using a rich dataset of Colombian manufacturing establishments, we illustrate scarring effects of recessions operating … forced to exit the market during recessions even if they are more productive than surviving unconstrained counterparts: an …
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The paper studies financing constraints for R&D over the latest boom and bust episode in Central and Eastern Europe (CEE). Given that financial and venture capital markets in CEE are thin in comparison to those in high-income economies and that many of CEE countries experienced a credit crunch...
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