Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/129946 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Working Papers No. 2015-06
Verlag: 
Banco de México, Ciudad de México
Zusammenfassung: 
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.
Schlagwörter: 
bank credit
labor productivity
JEL: 
D22
D24
Dokumentart: 
Working Paper
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