Identifying Binding Constraints to Growth : Does Firm Size Matter? /
As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of fi...
|a Identifying Binding Constraints to Growth :
|b Does Firm Size Matter? /
|c Mauricio Vargas.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2015.
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|a 1 online resource (48 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms' constraints and firm size, we implement an Ordered-Probit model with a potential categorical endogenous regressor to estimate, for the case of Bolivia, the conditional probability of facing obstacles given the firm size category, while controlling for other factors. The results confirm the importance of allowing for the roles of firm size in identifying constraints and suggest priorities for policies to remove constraints to economic performance.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2015/003
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2015/003/001.2015.issue-003-en.xml
|z IMF e-Library