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Credit demand in Mozambican manufacturing

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Author Info

  • Bruce Byiers

    (University of Sussex, Brighton, UK)

  • John Rand

    (University of Copenhagen, Copenhagen K, Denmark)

  • Finn Tarp

    (University of Copenhagen, Copenhagen K, Denmark)

  • Jeanet Bentzen

    (University of Copenhagen, Copenhagen K, Denmark)

Abstract

This paper uses two industrial firm surveys to identify the key determinants of credit demand in Mozambican manufacturing. We construct five different measures of being credit constrained and estimate desired debt demand. Besides firm size and ownership structure, we find evidence that general manager education and business association membership are associated with whether a firm is credit constrained or not. Using our preferred measure of credit constraint suggests that around 43 per cent of the firms surveyed are constrained, and these enterprises would almost triple their debt burden if borrowing constraints were relaxed. Copyright © 2009 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jid.1558
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Bibliographic Info

Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

Volume (Year): 22 (2010)
Issue (Month): 1 ()
Pages: 37-55

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Handle: RePEc:wly:jintdv:v:22:y:2010:i:1:p:37-55

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Web page: http://www3.interscience.wiley.com/journal/5102/home

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References

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  1. Fafchamps, Marcel, 2000. "Ethnicity and credit in African manufacturing," Journal of Development Economics, Elsevier, vol. 61(1), pages 205-235, February.
  2. Paul Collier & Stefan Dercon & Marcel Fafchamps, 2000. "Credit Constraints in Manufacturing Enterprises in Africa," Economics Series Working Papers WPS/2000-24, University of Oxford, Department of Economics.
  3. Fabio Schiantarelli, 1995. "Financial Constraints and Investment: A Critical Review of Methodological Issues and International Evidence," Boston College Working Papers in Economics 293., Boston College Department of Economics.
  4. John Rand, 2007. "‘Credit Constraints and Determinants of the Cost of Capital in Vietnamese Manufacturing’," Small Business Economics, Springer, vol. 29(1), pages 1-13, June.
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Cited by:
  1. Casey, Eddie & O'Toole, Conor, 2013. "Bank-lending constraints and alternative financing during the financial crisis: Evidence from European SMEs," Papers WP450, Economic and Social Research Institute (ESRI).
  2. World Bank, 2009. "Mozambique - Investment Climate Assessment - 2009 : Sustaining and Broadening Growth," World Bank Other Operational Studies 3158, The World Bank.
  3. repec:esr:wpaper:rn2013/1/3 is not listed on IDEAS
  4. O'Toole, Conor & Gerlach, Petra & O'Connell, Brian, 2013. "Measuring Credit Constraints for Irish SMEs," Research Notes RN2013/1/3, Economic and Social Research Institute (ESRI).
  5. Henrik Hansen & John Rand, 2011. "Another Perspective on Gender Specific Access to Credit in Africa," IFRO Working Paper 2011/14, University of Copenhagen, Department of Food and Resource Economics.
  6. Gerlach, Petra & O'Connell, Brian & O'Toole, Conor, 2013. "SME Credit Constraints and Macroeconomic Effects," Papers WP467, Economic and Social Research Institute (ESRI).
  7. Jones, Sam & Tarp, Finn, 2013. "Jobs and welfare in Mozambique," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  8. Conor M. O.Toole, 2012. "Does Financial Liberalisation Improve Access to Investment Finance in Developing Countries?," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).

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