Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7367032 | Journal of Macroeconomics | 2017 | 14 Pages |
Abstract
We theoretically and empirically investigate the effects of access to credit on local growth using a Schumpeterian growth model and assuming monopolistic competition between differentiated products of the banking system. We show that access to credit exerts a positive effect on local economic growth. To validate the theoretical prediction we use data on firms and bank branches from 18 emerging European economies.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Boubacar Diallo, Omar Al-Titi,