Economy-wide effects of improving small and medium enterprises' access to capital markets: an applied general equilibrium assessment
Is it possible to increase GDP, reduce unemployment and improve incomedistribution by providing small and medium enterprises (SMEs) betteraccess to capital markets? In this study, we used a CGE model of Argentinato address this question and to evaluate the economy-wide net impactaccounting for the r...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2016 |
| País: | Argentina |
| Institución: | Consejo Nacional de Investigaciones Científicas y Técnicas |
| Repositorio: | CONICET Digital (CONICET) |
| Idioma: | inglés |
| OAI Identifier: | oai:ri.conicet.gov.ar:11336/90917 |
| Acceso en línea: | http://hdl.handle.net/11336/90917 |
| Access Level: | acceso abierto |
| Palabra clave: | Small enterprises cge Argentina https://purl.org/becyt/ford/5.2 https://purl.org/becyt/ford/5 |
| Sumario: | Is it possible to increase GDP, reduce unemployment and improve incomedistribution by providing small and medium enterprises (SMEs) betteraccess to capital markets? In this study, we used a CGE model of Argentinato address this question and to evaluate the economy-wide net impactaccounting for the reallocation of resources from other sectors. We findthat although the benefits in question could be attained, SMEs should alsobe expected to self-exclude from programs that provide access to capitalmarkets if that access is contingent upon higher formalization. Formalizationcan be expensive for SMEs. Additionally, this model estimated the gains inproductivity necessary to incentivize SMEs to formalize and to voluntarilyaccess capital markets; however, after gaining productivity, the SMEs createdfewer jobs than initially expected. |
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