RyD investment and financial frictions
Borradores de Economía; No. 828
Date published
2014-06-26Date of last update
2014-06-26Document language
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
RyD intensity for small firms is high and persistent over time. At the same time, small firms are often financially constrained. This paper proposes a theoretical model that explains the coexistence of these two stylized facts. It is shown that self-finan
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https://repositorio.banrep.gov.co/handle/20.500.12134/6115https://hdl.handle.net/20.500.12134/6115
https://doi.org/10.32468/be.828
https://ideas.repec.org/p/bdr/borrec/828.html
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