between bank credit and firm-level productivity in the context of different financial markets set-ups, we introduce a model of … overlapping generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for a … group of European countries to explore the relation between bank credit and productivity following the main predictions of …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our … the issue of sample selection bias potentially affecting our data. Additional tests also reveal that credit constraints … viability of credit and, thus, ensure the growth of young businesses in the Euro area. …