The author empirically tests two aspects of the interaction between financial variables and inventory investment: negative cash flow and finance constraints due to asymmetric information. This is one of the first studies of inventory investment and finance constraints using Canadian data. A sample of Canadian manufacturing firms over the period 1992Q2–1999Q4 is split into subsamples based on ag...

This paper evaluates the short-term impact of Thailand’s ‘Million Baht Village Fund’program, among the largest scale government microfinance iniative in the world, using preand post-program panel data and quasi-experimental cross-village variation in credit-per-household. We find that the village funds have increased total short-term credit, consumption, agricultural investment, income growth (...

This paper aims to measure poverty dynamics in Vietnam using the most recent Vietnam Household Living Standard Survey (VHLSS) from 2010. Since there are no panel data between the 2010 VHLSS and the previous studies, this study uses the asset approach to estimate the proportion of structurally and stochastically poor. It is found that the proportion of structurally and stochastically poor is 11....

Entry, Exit and Productivity: Empirical Results for German Manufacturing Industries Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent firms in year t. (...