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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...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
[2019]
|
| Colección: | IMF working paper ;
WP/19/107. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Manaresi, Francesco, |e author. | |
| 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] | |
| 264 | 4 | |c ©2019 | |
| 300 | |a 1 online resource (76 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 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). | |
| 590 | |a eBooks on EBSCOhost |b EBSCO eBook Subscription Academic Collection - Worldwide | ||
| 650 | 0 | |a Banks and banking |z Italy. | |
| 650 | 0 | |a Business enterprises |z Italy |x Finance. | |
| 650 | 0 | |a Corporations |z Italy |x Finance. | |
| 650 | 0 | |a Credit |z Italy. | |
| 650 | 6 | |a Crédit |z Italie. | |
| 650 | 7 | |a Banks and banking |2 fast | |
| 650 | 7 | |a Business enterprises |x Finance |2 fast | |
| 650 | 7 | |a Corporations |x Finance |2 fast | |
| 650 | 7 | |a Credit |2 fast | |
| 651 | 7 | |a Italy |2 fast | |
| 700 | 1 | |a Pierri, Nicola, |e author. | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. | |
| 776 | 0 | 8 | |i Print version: |a Manaresi, Francesco. |t Credit Supply and Productivity Growth. |d Washington, D.C. : International Monetary Fund, ©2019 |z 9781498315258 |
| 830 | 0 | |a IMF working paper ; |v WP/19/107. | |
| 856 | 4 | 0 | |u https://ebsco.uam.elogim.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2149515 |z Texto completo |
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