MARC Record from Library of Congress

LEADER: 01943cam a22003257a 4500
001 2006618033
003 DLC
005 20060517143741.0
007 cr |||||||||||
008 060517s2006 dcu sb i000 0 eng
010 $a 2006618033
040 $aDLC$cDLC
043 $ae-bu---
050 00 $aHG3881.5.W57
100 1 $aGatti, Roberta.
245 10 $aDoes access to credit improve productivity ? evidence from Bulgarian firms$h[electronic resource] /$cRoberta Gatti, Inessa Love.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3921
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/17/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"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 proxied by indicators of whether firms have access to a credit or overdraft facility) on productivity. To overcome potential omitted variable bias of OLS estimates, they use information on firms' past growth to instrument for access to credit. The authors find credit to be positively and strongly associated with total factor productivity. These results are robust to a wide range of robustness checks. "--World Bank web site.
650 0 $aCredit$zBulgaria.
650 0 $aIndustrial productivity$zBulgaria.
700 1 $aLove, Inessa.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3921.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&piPK=64165421&theSitePK=469382&menuPK=64166093&entityID=000016406_20060511121642