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.
About The Author
WP 88 Incentive theory for the transition from Atlantic slave plantations to firms and labor markets
dezembro 11, 2015
agosto 18, 2015
janeiro 6, 2010