Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129946
Authors: 
Villalpando Benítez, Mario
Year of Publication: 
2015
Series/Report no.: 
Working Papers, Banco de México 2015-06
Abstract: 
Based on a survey of Mexican firms, this paper provides evidence of the positive effect of bank credit on firms' productivity. This effect is larger for those firms with access to bank credit and investment opportunities than for firms that only have either investment perspectives or bank credit. The potential problem of endogeneity in the empirical estimates is addressed by using instruments - collateral and expenses on energy and telecommunications - for the main explanatory variables. The relevant parameters indicating a positive effect of bank credit to productivity are consistent between estimation techniques.
Subjects: 
bank credit
labor productivity
JEL: 
D22
D24
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size
814.89 kB





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