Credit Supply and Productivity Growth

Credit Supply and Productivity Growth
We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations, together with a natural experiment, to measure idiosyncratic supply-side shocks to credit availability and to estimate a production model augmented with financial frictions. We find that... READ MORE...

Publication date: May 2019
ISBN 9781498315258
$18.00

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