Finance and Employment in Developing Countries: The Working Capital Channel

Released on by Mai Chi Dao
preview-18

  • Finance and Employment in Developing Countries: The Working Capital Channel Book Detail

  • Author : Mai Chi Dao
  • Release Date : 2017-08-15
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 47
  • ISBN 13 : 1484314190
  • File Size : 88,88 MB
DOWNLOAD BOOK

Finance and Employment in Developing Countries: The Working Capital Channel by Mai Chi Dao PDF Summary

Book Description: We study the effect of external financing constraint on job creation in emerging markets and developing countries (EMDC) at the firm level by looking at a specific transmission channel - the working capital channel. We develop a simple model to illustrate how the need for working capital financing of a firm affects the link between financial constraint and the firm's job creation. We show that the effect of relaxing financial constraint on job creation is greater the smaller the firm scale and the more labor-intensive its production structure. We use the World Bank Enterprise Surveys data to test the main predictions of the model, and find strong evidence for the working capital channel of external finance on firm employment.

Disclaimer: www.yourbookbest.com does not own Finance and Employment in Developing Countries: The Working Capital Channel books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Lucy Liu-Seventy Two

Lucy Liu-Seventy Two

File Size : 79,79 MB
Total View : 1053 Views
DOWNLOAD

Seventy Two presents a dynamic body of artwork by Lucy Liu. Comprising seventy-two paintings in ink and acrylic, the series is inspired by the seventy-two Names

Money and Credit

Money and Credit

File Size : 20,20 MB
Total View : 5644 Views
DOWNLOAD

We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (l

Risk Taking and Interest Rates

Risk Taking and Interest Rates

File Size : 72,72 MB
Total View : 346 Views
DOWNLOAD

We study how low interest rates in the United States affect risk taking in the market of crossborder leveraged corporate loans. To the extent that actions of th