Topics in Middle Eastern and North African Economies

Document Type

Article

Publication Date

9-1-2021

Abstract

Although capital has long been believed to be an engine of economic growth, making widespread access to credit a crucial ingredient to success in stimulating development, all too frequently firms in developing countries face serious obstacles in getting access to credit, their most important source of finance. Many studies have shown that access to finance is an especially strong obstacle to the development of small- and medium-sized enterprises (or “SMEs”), which contribute greatly to private sector employment and growth across the world (Ayyagari, Beck, and Demirgüç-Kunt, 2007 and Ayyagari, Demirgüç-Kunt, and Maksimovic, 2011). As a result, it is important for researchers be on the lookout for any reforms with some promise for reducing these barriers to credit and financial growth of SMEs, and thereby also for stimulating greater investment, employment, efficiency and economic development.

Journal Title

Topics in Middle Eastern and North African Economies

ISSN

2334-282X

Publisher

Middle East Economic Association and Loyola University Chicago

Volume

23

Issue

2

Comments

Presentation of the articles in the Topics in Middle Eastern and North African Economies was made possible by a limited license granted to Loyola University Chicago and Middle East Economics Association from the authors who have retained all copyrights in the articles.

Creative Commons License

Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.

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