Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms: Lessons from Firm-Level Cross Country Panel Data

There is growing evidence that firm dynamics- the entry and exit of firms, the continuous process of resource reallocation among incumbents, and the post entry growth of new firms- is of key importance for technological innovation and economic growth (for example see Bartelsman-Haltiwanger-Scarpetta (2004)