| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24081 |
| 来源ID | Working Paper 24081 |
| The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity | |
| John (Jianqiu) Bai; Daniel Carvalho; Gordon M. Phillips | |
| 发表日期 | 2017-12-04 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We provide evidence that the deregulation of U.S. state banking markets leads to a significant increase in the relative employment and capital growth of local firms with higher productivity and that this effect is concentrated among young firms. Using financial data for a broad range of firms, our analysis suggests that this effect is driven by a shift in the composition of local bank credit supply towards more productive firms. We estimate that this effect translates into economically important gains in aggregate industry productivity and that changes in the allocation of labor play a central role in driving these gains. |
| 主题 | Financial Economics ; Financial Institutions ; Corporate Finance ; Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Firm Behavior ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w24081 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581754 |
| 推荐引用方式 GB/T 7714 | John ,Daniel Carvalho,Gordon M. Phillips. The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24081.pdf（735KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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