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 au...
| Main Author: | |
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| Other Authors: | |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.]
International Monetary Fund,
[2019]
|
| Series: | IMF working paper ;
WP/19/107. |
| Subjects: | |
| Online Access: | EBSCOhost Перейти в каталог НБ ТГУ |
| LEADER | 02906cam a22005291i 4500 | ||
|---|---|---|---|
| 001 | koha001014140 | ||
| 003 | OCoLC | ||
| 005 | 20250222070024.0 | ||
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| 020 | |a 1498315984 | ||
| 020 | |a 9781498315982 |q (electronic bk.) | ||
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| 050 | 4 | |a HG4166 |b .M36 2019 | |
| 082 | 0 | 4 | |a 338.70945 |2 23 |
| 049 | |a MAIN | ||
| 100 | 1 | |a Manaresi, Francesco, |9 913185 | |
| 245 | 1 | 0 | |a Credit supply and productivity growth |c by Francesco Manaresi and Nicola Pierri. |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund, |c [2019] | |
| 300 | |a 1 online resource (76 pages) | ||
| 490 | 1 | |a IMF Working Paper ; |v WP/19/107 | |
| 505 | 0 | |a Data -- Theoretical framework -- Credit supply shocks and firm production -- The effect of credit supply on firm productivity growth -- The interbank market collapse as a natural experiment -- Beyond measurement: channels. | |
| 520 | 3 | |a 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. | |
| 588 | 0 | |a Online resource; title from PDF title page (IMF, viewed Sept. 2, 2020). | |
| 651 | 7 | |a Italy. |2 fast |0 (OCoLC)fst01204565 |9 907502 | |
| 653 | 0 | |a Banks and banking |z Italy. | |
| 653 | 0 | |a Business enterprises |z Italy |x Finance. | |
| 653 | 0 | |a Corporations |z Italy |x Finance. | |
| 653 | 0 | |a Credit |z Italy. | |
| 653 | 7 | |a Banks and banking. |2 fast |0 (OCoLC)fst00826867 | |
| 653 | 7 | |a Business enterprises |x Finance. |2 fast |0 (OCoLC)fst00842558 | |
| 653 | 7 | |a Corporations |x Finance. |2 fast |0 (OCoLC)fst00879841 | |
| 653 | 7 | |a Credit. |2 fast |0 (OCoLC)fst00882525 | |
| 655 | 0 | |a EBSCO eBooks |9 905790 | |
| 655 | 4 | |a Electronic books. |9 899821 | |
| 700 | 1 | |a Pierri, Nicola, |9 913186 | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |9 173503 | |
| 830 | 0 | |a IMF working paper ; |v WP/19/107. |9 913013 | |
| 856 | 4 | 0 | |3 EBSCOhost |u https://www.lib.tsu.ru/limit/2023/EBSCO/2149515.pdf |
| 856 | |y Перейти в каталог НБ ТГУ |u https://koha.lib.tsu.ru/cgi-bin/koha/opac-detail.pl?biblionumber=1014140 | ||
| 910 | |a EBSCO eBooks | ||
| 999 | |c 1014140 |d 1014140 | ||
| 039 | |||