Access to long-term credit and productivity of small and medium firms: A causal evidence
Accepted version
Peer-reviewed
Repository URI
Repository DOI
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Authors
Cavalcanti, Tiago
Vaz, Paulo Henrique
Abstract
This letter assesses the impact of a variation in access to a targeted loan program from Brazil’s development bank on investment and productivity. Results suggest that eligible firms increased their relative investment rate and productivity, but results are robust only for permanent rather than temporary improvements in access to credit.
Description
Keywords
38 Economics, 3801 Applied Economics, 8 Decent Work and Economic Growth
Journal Title
Economics Letters
Conference Name
Journal ISSN
0165-1765
Volume Title
150
Publisher
Elsevier BV