Bergbrant, Mikael C.; Hunter, Delroy M.; Kelly, Patrick J. - Center for Economic and Financial Research (CEFIR), New … - 2015
We examine the impact of product market competition on quantity-of-capital constraints in 58 countries. Prior work … competition. We show that product market competition increases capital constraints. Auxiliary analyses suggest that asymmetric … data, we avoid potential endogeneity problems common to the study of both capital constraints and product market …