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Public Credit Programmes and Firm Performance in Brazil
dc.contributor.authorMaffioli, Alessandro
dc.contributor.authorNegri, Joao A.
dc.contributor.authorRodriguez, Cesar M.
dc.contributor.authorVazquez‐bare, Gonzalo
dc.date.accessioned2017-10-05T18:20:02Z
dc.date.available2018-12-03T15:34:04Zen
dc.date.issued2017-09
dc.identifier.citationMaffioli, Alessandro; Negri, Joao A.; Rodriguez, Cesar M.; Vazquez‐bare, Gonzalo (2017). "Public Credit Programmes and Firm Performance in Brazil." Development Policy Review 35(5): 675-702.
dc.identifier.issn0950-6764
dc.identifier.issn1467-7679
dc.identifier.urihttps://hdl.handle.net/2027.42/138401
dc.description.abstractCredit rationing is a common phenomenon faced by firms, one that has negative implications for longâ term investments. In Brazil, public credit plays a key role in supporting firms: stateâ owned banks account for almost half of the outstanding credit. Public credit programmes aim at reducing credit restrictions, increasing competitiveness and job creation for small and medium enterprises. This article analyzes the effectiveness of the credit lines managed by two main public institutions in Brazil. Results show that access to public credit lines has a significant positive impact on firmsâ employment growth and exports, while no effect was found on wage differential. The impact on exports is driven by the increase in volumes among exporting firms rather than the probability of becoming an exporter.
dc.publisherOxford University Press
dc.publisherWiley Periodicals, Inc.
dc.subject.otherpublic credit
dc.subject.otherpanel data
dc.subject.otherfirm performance
dc.subject.otherdifferenceâ inâ differences
dc.subject.otherBrazil
dc.titlePublic Credit Programmes and Firm Performance in Brazil
dc.typeArticleen_US
dc.rights.robotsIndexNoFollow
dc.subject.hlbsecondlevelInternational Public Policy
dc.subject.hlbtoplevelGovernment, Politics and Law
dc.description.peerreviewedPeer Reviewed
dc.description.bitstreamurlhttps://deepblue.lib.umich.edu/bitstream/2027.42/138401/1/dpr12250_am.pdf
dc.description.bitstreamurlhttps://deepblue.lib.umich.edu/bitstream/2027.42/138401/2/dpr12250.pdf
dc.identifier.doi10.1111/dpr.12250
dc.identifier.sourceDevelopment Policy Review
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dc.owningcollnameInterdisciplinary and Peer-Reviewed


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