Kabango, G.P. and Paloni, A. (2011) Financial liberalization and the industrial response: concentration and entry in Malawi. World Development, 39(10), pp. 1771-1783. (doi: 10.1016/j.worlddev.2011.04.001)
Full text not currently available from Enlighten.
Abstract
It has been suggested that financial liberalization may be a key policy to promote industrialization as it removes the credit access constraint on firms, especially small and medium ones. We investigate the effect of credit expansion in the wake of liberalization on the structure of the industrial sectors in Malawi and find that, in contrast to the hypothesis above, it resulted in an increase in industrial concentration and a decrease in net firm entry, especially in sectors that are more finance dependent. The case of Malawi is interesting because financial liberalization has been justified precisely as a means for industrial development and because the implementation of the policy has been regarded as relatively successful.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| Glasgow Author(s) Enlighten ID: | Paloni, Dr Alberto |
| Authors: | Kabango, G.P., and Paloni, A. |
| College/School: | College of Social Sciences > Adam Smith Business School > Economics |
| Journal Name: | World Development |
| ISSN: | 0305-750X |
| Published Online: | 08 May 2011 |
University Staff: Request a correction | Enlighten Editors: Update this record
Deposit and Record Details
Deposit and Record Details