Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336360 
Year of Publication: 
2022
Citation: 
[Journal:] Latin American Journal of Central Banking (LAJCB) [ISSN:] 2666-1438 [Volume:] 3 [Issue:] 4 [Article No.:] 100077 [Year:] 2022 [Pages:] 1-9
Publisher: 
Elsevier, Amsterdam
Abstract: 
I estimate the effect micro firms' size and productivity have on the probability of becoming a discouraged borrower: firms that do not use credit from the formal financial system despite needing it. I also estimate the effect that size and productivity have on the probability of becoming accepted in the event of a formal credit request. Using a trivariate probit model that corrects for selection biases, I find that productivity and size (number of employees) reduce the likelihood of becoming discouraged. Both variables are related to a higher probability of being accepted in formal credit requests.
Subjects: 
Discouraged borrowers
Micro firms
Trivariate probit
JEL: 
G21
G30
C31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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