Credit Supply and Productivity Growth

Credit Supply and Productivity Growth
Author :
Publisher : International Monetary Fund
Total Pages : 75
Release :
ISBN-10 : 9781498315913
ISBN-13 : 1498315917
Rating : 4/5 (917 Downloads)

Book Synopsis Credit Supply and Productivity Growth by : Francesco Manaresi

Download or read book Credit Supply and Productivity Growth written by Francesco Manaresi and published by International Monetary Fund. This book was released on 2019-05-17 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 a contraction in credit supply causes a reduction of firm TFP growth and also harms IT-adoption, innovation, exporting, and adoption of superior management practices, while a credit expansion has limited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts for about a quarter of observed the decline in TFP.


Credit Supply and Productivity Growth Related Books

Credit Supply and Productivity Growth
Language: en
Pages: 75
Authors: Francesco Manaresi
Categories: Business & Economics
Type: BOOK - Published: 2019-05-17 - Publisher: International Monetary Fund

GET EBOOK

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,
Credit Supply and Productivity Growth
Language: en
Pages: 75
Authors: Francesco Manaresi
Categories: Business & Economics
Type: BOOK - Published: 2019-05-17 - Publisher: International Monetary Fund

GET EBOOK

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,
Principles
Language: en
Pages: 560
Authors: Ray Dalio
Categories: Business & Economics
Type: BOOK - Published: 2018-08-07 - Publisher: Simon and Schuster

GET EBOOK

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s mos
Determinants of Credit Growth and Interest Margins in the Philippines and Asia
Language: en
Pages: 59
Authors: Ms.Tatum Blaise Pua Tan
Categories: Business & Economics
Type: BOOK - Published: 2012-05-01 - Publisher: International Monetary Fund

GET EBOOK

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute this to legacy weaknesses in bank balance sheets, consumption-le
Finance, Growth, and Inequality
Language: en
Pages: 80
Authors: Mr. Ross Levine
Categories: Business & Economics
Type: BOOK - Published: 2021-06-11 - Publisher: International Monetary Fund

GET EBOOK

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and