Bazzi, Samuel; Muendler, Marc-Andreas; Oliveira, Raquel F. - National Bureau of Economic Research - 2023
medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on … growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and …
