CEP discussion papers
The inverted-U relationship between credit access and productivity growth
In this paper we identify two counteracting effects of credit access on productivity growth: on the one hand, better access to credit makes it easier for entrepreneurs to innovate; on the other hand, better credit access...
Read more...
Philippe Aghion, Antonin Bergeaud, Gilbert Cette, Rémy Lecat and Hélène Maghin
11 December 2018