Small and Medium Enterprises

Credit Access in Latin American Enterprises

Credit Access in Latin American Enterprises

A chapter co-authored with Andrea Presbitero on firm access to bank credit in Latin America was published in Firm Innovation and Productivity in Latin America and the Caribbean: The Engine of Economic Development edited by Matteo Grazzi and Carlo Pietrobelli. The paper is also published in Economic Notes.

The complete book can be downloaded here.

Is access to credit a constraint for Latin America enterprises? An empirical analysis with firm-level data

MOFiR WP #101

With Andrea Presbitero

An intense process of deregulation and financial liberalization in Latin America has increased competitive pressures and led to bank restructuring and consolidation. This paper looks at firm access to credit in the region, focusing on the role of credit market structure. Using firm-level data from theWorld Bank Enterprise Survey, we find that access to bank credit is very heterogeneous. On average, smaller and less productive firms are less likely to apply for credit and more likely to be financially constrained.

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Barking up the wrong tree? Measuring gender gaps in firms’ access to finance

Barking up the wrong tree? Measuring gender gaps in firms’ access to finance

Journal of Development Studies, 50, 10, 1430-1444

The article is written in collaboration with Andrea Presbitero and Claudia Piras.

The literature on gender-based discrimination in credit markets is recently expanding but the results are not yet definitive. This paper exploits a new dataset on Barbados, Jamaica and Trinidad and Tobago and finds that more precise measures of the gender composition of the firm show that women-led businesses are more likely to be financially constrained than other comparable firms.

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Definitions matter. Measuring gender gaps in firms’ access to credit

IADB discussion paper, 314, Inter American Development Bank, Washington.

With C. Piras and A. Presbitero

The literature on gender-based discrimination in credit markets is recently expanding but the results are not yet definitive and have not been generally agreed upon. This paper exploits a new dataset on Barbados, Jamaica and Trinidad and Tobago, which provides detailed information about female ownership and management in firms for investigating the existence of a gender gap in access to finance. The evidence presented herein suggests that more precise measures of the gender composition of the firm show that women-led businesses are more likely to be financially constrained than other comparable firms.

Download the pdf, WP IADB 2013-10

Federalismo e crescita: È possibile una relazione virtuosa?

Federalismo e crescita: È possibile una relazione virtuosa?

Published by Franco Angeli

Edited with Stefania Lorenzini

Federalism is often described as a zero-sum game in which there is someone who gains and someone who loses, so the attention usually goes to issues about redistribution and equity. In this book, we assume a different perspective and investigate how federalism can facilitate growth and represent an opportunity for development. The papers collected here come from two different strands of the literature: the regional economic growth and its determinants and the analysis about federalism.

You can read the book here

You can buy the book here

Italian SMEs and Industrial Districts on the move: where are they going?

European and Planning Studies, 17(1): 19-41

The paper is co-authored with Anna Carabelli and Giovanna Hirsch.

Since the second half of the 1990s the Italian economy has experienced a significant slowdown in the rate of economic growth. The ‘dwarfism’ of its manufacturing firms, their specialisation in traditional sectors and their organisation in industrial districts have been identified by many scholars as major structural weaknesses in the Italian industrial system. Nevertheless, there is a vast and flourishing empirical literature showing that many industrial districts are actually changing in terms of sector specialisation, international and innovation strategies and emergence of new forms of enterprise organisation. In this paper, we provide a critical survey of the new and different patterns of industrial organisation emerging in industrial districts.

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Business Development Service Centres in Italy: close to firms far from innovation

World Review of Science, Technology and Sustainable Development, 4(1): 38-55 

The article is co-authored with Carlo Pietrobelli.

The notion of ‘Business Development Service’ (BDS) is quickly gaining popularity among policy makers and scholars of management, industrial organization and development. Similarly, attention is increasingly paid to the institutions and centers offering BDS, as an essential part of the ‘local’ or ‘regional innovation system’. The paper analyses the experience of BDS Centres in three highly developed Italian regions, Emilia Romagna, Lombardia and Veneto, and evaluates their performance and contribution to the regional industrial, and notably SME, development. The paper is based on a survey of 30 BDS Centres and it uses quantitative together with qualitative evidence.

Download the pdf, JA WRSTSD 2007-01