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dc.contributor.author | Manaresi Francesco | |
dc.contributor.author | Pierri Nicola | |
dc.date.accessioned | 2024-01-26T21:33:25Z | |
dc.date.available | 2024-01-26T21:33:25Z | |
dc.date.issued | 2019 | |
dc.identifier.citation | Manaresi. Credit supply and productivity growth IMF working paper ;, WP/19/107. - 1 online resource (76 pages) - URL: https://libweb.kpfu.ru/ebsco/pdf/2149515.pdf | |
dc.identifier.isbn | 1498315984 | |
dc.identifier.isbn | 9781498315982 | |
dc.identifier.uri | https://dspace.kpfu.ru/xmlui/handle/net/178300 | |
dc.description.abstract | 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. | |
dc.description.tableofcontents | 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. | |
dc.language | English | |
dc.language.iso | en | |
dc.relation.ispartofseries | IMF Working Paper. WP/19/107 | |
dc.relation.ispartofseries | IMF working paper ;. WP/19/107. | |
dc.subject.other | Banks and banking -- Italy. | |
dc.subject.other | Business enterprises -- Finance. -- Italy | |
dc.subject.other | Corporations -- Finance. -- Italy | |
dc.subject.other | Credit -- Italy. | |
dc.subject.other | Banks and banking. | |
dc.subject.other | Business enterprises -- Finance. | |
dc.subject.other | Corporations -- Finance. | |
dc.subject.other | Credit. | |
dc.subject.other | Italy. | |
dc.subject.other | Electronic books. | |
dc.title | Credit supply and productivity growth IMF working paper ;, WP/19/107./ by Francesco Manaresi and Nicola Pierri. | |
dc.type | Book | |
dc.contributor.org | International Monetary Fund, | |
dc.description.pages | 1 online resource (76 pages) | |
dc.collection | Электронно-библиотечные системы | |
dc.source.id | EN05CEBSCO05C319 |