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Bank Credit and Productivity: Evidence from Mexican Firms

Year: 2014

Type: article

Abstract: Using a recent survey of Mexican firms, this paper provides empirical evidence for the hypothesis that bank credit improves the productivity of firms with investment opportunities. On overage, firms whit access to bank credit and investment opportunities are 50 percents more productive than other firms. Bank credit and investment opportunities are instrumented by firms¥collateral and spending on utilities to overcome potential biases of OLS estimates. The results are consistent with both OLS and IV estimates.

Source: Revista Mexicana de Economía y Finanzas

DOI: 10.21919/remef.v9i2.62

Authors: Banco de México, Mario Villalpando

Institution: Bank of Mexico

Language: Spanish

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2252803199

FWCI:

Cites: 48

Cited by: 7

Related to: 10