Credit volatility and productivity growth
نویسندگان
چکیده
منابع مشابه
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We study the impact of bank credit supply on firm output and productivity. Exploiting a matched firm-bank database, covering all credit relationships of Italian corporations over more than a decade, we measure idiosyncratic supply-side shocks to firm credit availability. We use this to estimate a production model augmented with financial frictions, and show that an expansion of credit supply le...
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ژورنال
عنوان ژورنال: Equilibrium
سال: 2018
ISSN: 2353-3293,1689-765X
DOI: 10.24136/eq.2018.011