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 |
|