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We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …
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lawsuit, to identify the real effects of these guarantees on the allocation of credit (“allocative efficiency”). Using matched … bank/firm data, we find that public guarantees reduce allocative efficiency. With guarantees in place, poorly performing …
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lawsuit, to identify the real effects of these guarantees on the allocation of credit ("allocative efficiency"). Using matched … bank/firm data, we find that public guarantees reduce allocative efficiency. With guarantees in place, poorly performing …
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