Releasing Constraints to Growth or Pushing on a String? Policies and Performance of Mexican Micro-Firms

@inproceedings{Fajnzylber2009ReleasingCT,
  title={Releasing Constraints to Growth or Pushing on a String? Policies and Performance of Mexican Micro-Firms},
  author={Pablo Fajnzylber and William Francis Maloney and Gabriel Montes-Rojas},
  year={2009}
}
Using firm-level data from Mexico, this paper investigates the firm characteristics associated with participation in credit markets, access to training, tax payments and membership in business associations. We find that firms which participate in these institutions exhibit significantly higher profits. Moreover, firms that borrow from formal or informal sources and those that pay taxes are significantly more likely to stay in business but firms that received credit exhibit lower rates of income… CONTINUE READING

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