"We are losing young firms that might have been profitable later in their lives. These losses are particularly severe in middle-income economies with less developed financial markets."

@fkocheng, Postdoc @Columbia_Biz, winner of 2022 @ecb Young Economist competition at #EUBEF23

🐦🔗: https://n.respublicae.eu/ecfin/status/1654124168391323649