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Does Access to Credit Improve Productivity? Evidence from Bulgarian Firms

Although it is widely accepted that financial development is associated with higher growth, the evidence on the channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms, the authors estimate the impact of access to credit (as proxie...

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Bibliographic Details
Main Authors: Gatti, Roberta, Love, Inessa
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ANNUAL SALES
BANKING SECTOR
BANKS
BONDS
CAPITAL ACCUMULATION
CAPITAL INVESTMENT
CAPITAL STOCK
COMPARATIVE ANALYSIS
CONVENTIONAL WISDOM
CREDIT RATIONING
DEBT
DEVELOPMENT ECONOMICS
DIVIDENDS
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC GROWTH
ECONOMIC THEORY
EMPLOYMENT
EXOGENOUS VARIABLES
EXPORTS
FACTOR ACCUMULATION
FINANCIAL CRISIS
FINANCIAL SECTOR
FINANCIAL STRUCTURE
FISCAL POLICIES
FIXED ASSETS
FIXED CAPITAL
FOREIGN FIRMS
FOREIGN OWNERSHIP
GDP
GLOBAL MARKETS
INTEREST PAYMENTS
INTERMEDIATE INPUT
INVESTMENT CLIMATE
INVESTMENT DECISIONS
LARGE CITIES
LEVEL OF CAPITAL
LIQUIDITY
MERGERS
PRIVATE INVESTMENT
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PROFITABILITY
PUBLIC SERVICES
SAVINGS
SAVINGS RATES
STOCK MARKETS
TANGIBLE ASSETS
TAX POLICY
TECHNOLOGICAL INNOVATION
TELECOMMUNICATIONS
TFP
TOTAL FACTOR PRODUCTIVITY
TRADE LIBERALIZATION
TRANSACTION COSTS
TRANSITION ECONOMIES
TREASURY BONDS
USE VALUE
VALUE ADDED
WAGES
Online Access:http://documents.worldbank.org/curated/en/2006/05/6783614/access-credit-improve-productivity-evidence-bulgarian-firms
http://hdl.handle.net/10986/8662

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