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 …

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 …

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 …

In this paper, we identify two counteracting effects of credit access on productivity growth: on the one hand, better … access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access allows less efficient … first develop a simple model of firm dynamics and innovation-based growth with credit constraints, where the above two …

bank credit reallocation with endogenous firm entry and exit that allows for both theoretical and quantitative analysis. By … also redirect existing credit to more productive entrants. This reduces banks' dependence on household deposits that are …