Figure 3 - available via license: Creative Commons Attribution 4.0 International
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Distribution of Bias-Corrected Efficiency Scores (Financial Efficiency, Social Efficiency B), Restricted Sample
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The theoretical literature on credit reallocation has yielded conflicting predictions on both the extent and the efficiency of reallocations during economic downturns. We borrowed the methodology of measuring job reallocation to measure credit reallocation and examine which predictions are consistent with the data. We reported the following finding...
