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Bank Credit and Productivity: Evidence from Mexican Firms

Author

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  • Mario Villalpando

    (BANCO DE MÉXICO)

Abstract

Con base en una encuesta reciente de empresas mexicanas, en este articulo presenta evidencia empírica que favorece la hipótesis de que el crédito bancario promueve la productividad de las empresas. En promedio, las empresas con acceso al crédito bancario y oportunidades de inversión son 50 por ciento más productivas que otro tipo de empresas. Para evitar problemas de sesgo en los parámetros de mínimos ordinarios cuadrados (MCO), las variables de crédito bancario y oportunidades de inversión son instrumentadas por las garantías y gasto en servicios de energía y comunicaciones de las empresas. Los resultados son consistentes independientemente si son estimados con MCO o variables instrumentales.

Suggested Citation

  • Mario Villalpando, 2014. "Bank Credit and Productivity: Evidence from Mexican Firms," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 9(2), pages 195-211, Julio-Dic.
    • Handle: RePEc:imx:journl:v:9:y:2014:i:2:p:195-211
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    File URL: http://www.remef.org.mx/index.php/remef/article/view/62/109
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    References listed on IDEAS

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    Cited by:

    1. Skott, Peter & Gómez-Ramírez, Leopoldo, 2018. "Credit constraints and economic growth in a dual economy," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 64-76.

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    More about this item

    Keywords

    Bank Credit; Firms' Productivity; Labor Productivity;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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