Credit rationing and investment behavior in a developing country.

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Abstract

Models of investment behavior are simultaneously fit to 2 groups of Colombian manufacturing firms, each chosen to differ in terms of its degree of access to formal credit markets. The analysis is designed to indicate whether Colombian financial market fragmentation significantly distorts investment patterns, and if so, whether the problem is severe enough that self-finance is the only means by which many firms can expand. -from Author

Original languageEnglish (US)
Pages (from-to)598-607
Number of pages10
JournalReview of Economics & Statistics
Volume65
Issue number4
DOIs
StatePublished - Jan 1 1983

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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