Arbeitspapier

Bank credit and productivity: Evidence from Mexican firms

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.

Language
Englisch

Bibliographic citation
Series: Working Papers ; No. 2015-06

Classification
Wirtschaft
Firm Behavior: Empirical Analysis
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Subject
bank credit
labor productivity

Event
Geistige Schöpfung
(who)
Villalpando Benítez, Mario
Event
Veröffentlichung
(who)
Banco de México
(where)
Ciudad de México
(when)
2015

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Villalpando Benítez, Mario
  • Banco de México

Time of origin

  • 2015

Other Objects (12)