Cavalcanti, T.V.D and Vaz, P.H.
Access to Long-Term Credit and Productivity of Small and Medium Firms: A Causal Evidence
Economics Letters
Vol. 150 pp. 21-25 (2017)
Abstract: This letter assesses the impact of a variation in access to a targeted loan program from Brazil's development bank on investment and productivity. Results suggest that eligible firms increased their relative investment rate and productivity, but results are robust only for permanent rather than temporary improvements in access to credit.
JEL Codes: 010, H20, L60
Author links: Tiago Cavalcanti
Publisher's Link: https://doi.org/10.1016/j.econlet.2016.10.043 
Open Access Full Text: https://www.repository.cam.ac.uk/handle/1810/283300
Keynes Fund Project(s):
Credit Policies, Entrepreneurship and Development: Theory and Empirical Evidence on Brazil (JHLA)
