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Inventories, liquidity, and contractual risk in African manufacturing (anglais)

The econometric analysis presented here agrees with qualitative information collected during the survey. Conversations with survey respondents indicated that one of the major benefits of the structural adjustment program adopted in Zimbabwe in 1991 was to increase the reliability of input deliveries. This has led, according to respondents, to a drastic reduction in inventories of inputs and to the gradual disappearance of the practice of input sharing...
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