Article (Journal/Review)
Access to long-term credit and productivity of small and medium firms: a causal evidence
Fecha
2017-01Registro en:
0165-1765
10.1016/j.econlet.2016.10.043
000392568300007
Autor
Cavalcanti, Tiago
Vaz, Paulo Henrique
Institución
Resumen
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. (C) 2016 Elsevier B.V. All rights reserved.