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natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by …We provide evidence that a weak banking sector has contributed to low productivity growth following the European … the resulting increase in factor misallocation accounts for 20% of the decline in productivity in Portugal in 2012. …
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bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … process thus fosters firm creation and improves aggregate productivity. It also complements policies that stimulate firm entry …
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bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … process thus fosters firm creation and improves aggregate productivity. It also complements policies that stimulate firm entry …
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