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.
| Original language | English |
|---|---|
| Pages (from-to) | 410-423 |
| Number of pages | 14 |
| Journal | Journal of Macroeconomics |
| Volume | 54 |
| DOIs | |
| State | Published - Dec 2017 |
Bibliographical note
Publisher Copyright:© 2017 Elsevier Inc.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Access to credit
- Eastern europe
- Monopolistic competition
- Schumpeterian growth
ASJC Scopus subject areas
- Economics and Econometrics
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