Does access to credit improve productivity?: evidence from Bulgarian firms
"Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as...
Saved in:
| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C]
World Bank
2006
|
| Series: | Policy research working paper
3921 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as proxied by indicators of whether firms have access to a credit or overdraft facility) on productivity. To overcome potential omitted variable bias of OLS estimates, they use information on firms' past growth to instrument for access to credit. The authors find credit to be positively and strongly associated with total factor productivity. These results are robust to a wide range of robustness checks. "--World Bank web site |
| Item Description: | Includes bibliographical references. - Title from PDF file as viewed on 5/17/2006 Erscheinungsjahr in Vorlageform:[2006] Weitere Ausgabe: Gatti, Roberta : Does access to credit improve productivity? |
| Physical Description: | 1 Online-Ressource (25 Seiten) |
Staff View
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| spellingShingle | Gatti, Roberta Does access to credit improve productivity? evidence from Bulgarian firms |
| title | Does access to credit improve productivity? evidence from Bulgarian firms |
| title_auth | Does access to credit improve productivity? evidence from Bulgarian firms |
| title_exact_search | Does access to credit improve productivity? evidence from Bulgarian firms |
| title_full | Does access to credit improve productivity? evidence from Bulgarian firms Roberta Gatti, Inessa Love |
| title_fullStr | Does access to credit improve productivity? evidence from Bulgarian firms Roberta Gatti, Inessa Love |
| title_full_unstemmed | Does access to credit improve productivity? evidence from Bulgarian firms Roberta Gatti, Inessa Love |
| title_short | Does access to credit improve productivity? |
| title_sort | does access to credit improve productivity evidence from bulgarian firms |
| title_sub | evidence from Bulgarian firms |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3921 |
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