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On the determinants of credit allocation in developing countries: Empirical evidence for Brazil and Peru

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  • Diehl, Markus

Abstract

Since the beginning of the eighties there has been an upsurge in the empirical analysis of the political economy of trade restrictions in industrialized and developing countries. These studies, which have been surveyed by Anderson and Baldwin (1981) and Amelung (1989) attempted to explain the structure of protection and changes therein by establishing a causal relationship between government intervention and characteristics of firms and industries in order to derive the determinants of government behaviour with respect to the implementation of trade barriers. It has been shown, that those sectors in a position to form effective pressure groups were more successful in obtaining effective protection. The ultimate aim of these studies was to develop further insights into the government's decision making process with respect to trade liberalization policies and structural adjustment programs. The key issue in designing a sustainable structural adjustment program concerns the appropriate trade-off between reducing the intensity of income redistribution effects and maintaining the efficiency of the adjustment process (Mussa (1986)).

Suggested Citation

  • Diehl, Markus, 1990. "On the determinants of credit allocation in developing countries: Empirical evidence for Brazil and Peru," Kiel Working Papers 451, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:451
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    References listed on IDEAS

    as
    1. Amelung, Torsten, 1989. "The Determinants of Protection in Developing Countries: An Extended Interest-Group Approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 42(4), pages 515-532.
    2. repec:bla:kyklos:v:42:y:1989:i:4:p:515-32 is not listed on IDEAS
    3. Taggart, Robert A, Jr, 1977. "A Model of Corporate Financing Decisions," Journal of Finance, American Finance Association, vol. 32(5), pages 1467-1484, December.
    4. repec:bla:jfinan:v:43:y:1988:i:1:p:1-19 is not listed on IDEAS
    5. Spies, Richard R, 1974. "The Dynamics of Corporate Capital Budgeting," Journal of Finance, American Finance Association, vol. 29(3), pages 829-845, June.
    6. Schmidt, Reinhart, 1975. "Determinants of corporate debt ratios in Germany," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 29, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
    7. Jalilvand, Abolhassan & Harris, Robert S, 1984. "Corporate Behavior in Adjusting to Capital Structure and Dividend Targets: An Econometric Study," Journal of Finance, American Finance Association, vol. 39(1), pages 127-145, March.
    8. Peter Hanel, 1988. "Efectos de la protección al mercado interno en la actividad exportadora no tradicional del Perú, 1979-1986," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 0(21), pages 41-80.
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