The big-city bias in access to finance: evidence from firm perceptions in almost 100 countries

摘要: There is mounting evidence in the developed world to suggest that there geographical variation access finance. At same time, a growing interest advantages of major cities emerging economies providing better services. Yet little on spatial finance developing world. In this article, we address gap. We propose one important function big provide credit markets, but that-as countries develop-this 'big city bias' likely decline. test these hypotheses using data over 80,000 firms 97 and new large cities-with more than 1 million inhabitants-are less perceive capital as constraint. However, big-city bias declines develop.