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Private Businesses Predict Limited Growth for 2013

Author

Listed:
  • Everett, Craig R.
  • K., John

Abstract

The quarterly private capital access (PCA) index and the private capital demand (PCD) index, economic indicators published by the Pepperdine Private Capital Markets Project, predict continued low levels of both demand and access in the near future. Thus the near-term prospects for robust economic growth are restricted. The implied policy recommendation for national and local governments is to enhance loan guarantee programs for private firms with revenues of less than five million USD ($5M).

Suggested Citation

  • Everett, Craig R. & K., John, 2013. "Private Businesses Predict Limited Growth for 2013," MPRA Paper 55528, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55528
    as

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    References listed on IDEAS

    as
    1. Rahaman, Mohammad M., 2011. "Access to financing and firm growth," Journal of Banking & Finance, Elsevier, vol. 35(3), pages 709-723, March.
    2. Thorsten Beck & Asli Demirgüç‐Kunt & Vojislav Maksimovic, 2005. "Financial and Legal Constraints to Growth: Does Firm Size Matter?," Journal of Finance, American Finance Association, vol. 60(1), pages 137-177, February.
    3. Pesaran, M Hashem & Timmermann, Allan, 1995. "Predictability of Stock Returns: Robustness and Economic Significance," Journal of Finance, American Finance Association, vol. 50(4), pages 1201-1228, September.
    4. Mathias Binswanger, 2000. "Stock returns and real activity: is there still a connection?," Applied Financial Economics, Taylor & Francis Journals, vol. 10(4), pages 379-387.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Private Capital Markets; Debt; Equity; External Capital; Small Business;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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