SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence

This paper develops a conceptual framework and offers new statistical evidence on the access to credit by micro, small, and medium enterprises (MSMEs) in Guatemala and Nicaragua. To this end, and after reviewing the existing literature on the topic, it produces new empirical evidence drawn from the...

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Detalles Bibliográficos
Autor principal: Bebczuk, Ricardo Néstor
Formato: Articulo Documento de trabajo
Lenguaje:Inglés
Publicado: 2009
Materias:
Economía
microeconomía
Guatemala
crédito
Nicaragua
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/3639
http://cedlas.econo.unlp.edu.ar/download.php?file=archivos_upload/doc_cedlas80.pdf
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-3639
record_format dspace
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Economía
microeconomía
Guatemala
crédito
Nicaragua
spellingShingle Economía
microeconomía
Guatemala
crédito
Nicaragua
Bebczuk, Ricardo Néstor
SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
topic_facet Economía
microeconomía
Guatemala
crédito
Nicaragua
description This paper develops a conceptual framework and offers new statistical evidence on the access to credit by micro, small, and medium enterprises (MSMEs) in Guatemala and Nicaragua. To this end, and after reviewing the existing literature on the topic, it produces new empirical evidence drawn from the official Household Survey and the World Bank's Investment Climate Survey, conducted in both countries in 2006. The core contribution of the paper lies in the critical revision of three pieces of common knowledge, namely: (1) A large fraction of MSMEs has an excess demand for credit; (2) In the presence of credit market failures, governments must and actually do assist MSMEs in gaining access to loan facilities; and (3) Alternative credit instruments, such as leasing, factoring, microcredit, and third-party guarantee schemes, can be a suitable and massive solution for the lack of financing. Our analysis refutes to a large extent these assertions and advances some basic policy prescriptions that should help improve the resource allocation and impact of specific MSME financial programs.
format Articulo
Documento de trabajo
author Bebczuk, Ricardo Néstor
author_facet Bebczuk, Ricardo Néstor
author_sort Bebczuk, Ricardo Néstor
title SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
title_short SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
title_full SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
title_fullStr SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
title_full_unstemmed SME access to credit in Guatemala and Nicaragua: challenging conventional wisdom with new evidence
title_sort sme access to credit in guatemala and nicaragua: challenging conventional wisdom with new evidence
publishDate 2009
url http://sedici.unlp.edu.ar/handle/10915/3639
http://cedlas.econo.unlp.edu.ar/download.php?file=archivos_upload/doc_cedlas80.pdf
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bdutipo_str Repositorios
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