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Obstacles to productivity in Asia and Pacific region: finance reigns

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  • Filipe Lage de Sousa

    (Fluminense Federal University - Brazil)

Abstract

Firms face difference obstacles for their development. This paper investigates which obstacle is the largest to firms’ productivity using micro-level data for the Asia and Pacific region. Access to finance shows the most robust result in our investigation, being stronger for SMEs. Removing SMEs’ credit constraints seem to be a powerful tool to promote economic growth in the region, particularly in the manufacturing sector.

Suggested Citation

  • Filipe Lage de Sousa, 2016. "Obstacles to productivity in Asia and Pacific region: finance reigns," MPDD Working Paper Series WP/16/05, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
  • Handle: RePEc:unt:wpmpdd:wp/16/05
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