Credit Constraints in Manufacturing Enterprises in Africa

  title={Credit Constraints in Manufacturing Enterprises in Africa},
  author={Arne Bigsten and Paul Collier and Stefan Dercon and Marcel Fafchamps and Bernard Gauthier and Jan Willem Gunning and Mans Soderbom and Abena Oduro and R Oostendorp and Cathy Patillo and Francis Teal and Albert Zeufack},
We investigate the question whether firms in the manufacturing sector in Africa are credit constrained. The fact that few firms obtain credit is not sufficient to prove constraints, since certain firms may not have a demand for credit while others may be refused credit as part of profit maximising behaviour by banks. To investigate this question, we use direct evidence on whether firms had a demand of credit and whether their demand was satisfied in the formal credit market, based on panel data… CONTINUE READING
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