Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/113799
Authors: 
Bircan, Çagatay
de Haas, Ralph
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5461
Abstract: 
We exploit historical and contemporaneous variation in local credit markets across Russia to identify the impact of credit constraints on firm-level innovation. We find that access to bank credit helps firms to adopt existing products and production processes that are new to them. They introduce these technologies either with the help of suppliers and clients or by acquiring external know-how. We find no evidence that bank credit also stimulates firm innovation through in-house R&D. This suggests that banks can facilitate the diffusion of technologies within developing countries but that their role in pushing the technological frontier is limited.
Subjects: 
credit constraints
firm innovation
technological change
JEL: 
D22
F63
G21
O12
O31
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.