between bank credit and firm-level productivity in the context of different financial markets set-ups, we introduce a model of … group of European countries to explore the relation between bank credit and productivity following the main predictions of … the model. We estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We … estimate an extended set of elasticities of bank credit with respect to a series of productivity measures of firms. We focus …

expansion and business investment growth. In this paper, we go beyond average effects and examine to what extent the pro …-creditor reform affected the allocation of resources across firms. We find evidence that the reform was particularly effective in … alleviating credit constraints for high productivity firms. After the reform, better access to credit allowed these firms to …