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Urbanization and firm access to credit.
- Source :
-
Journal of Regional Science . Jun2021, Vol. 61 Issue 3, p597-622. 26p. 2 Diagrams, 11 Charts, 1 Graph, 1 Map. - Publication Year :
- 2021
-
Abstract
- The paper investigates whether firms have better access to bank credit in territories characterized by a larger degree of urbanization. It uses Italian bankāfirm data drawn from the Credit Register to devise an indicator of easiness of access to credit. The paper proposes an instrumental variable strategy that exploits as instruments past population density and urbanization driven by political economy considerations. The results show that urbanization positively affects access to credit for construction firms, whose collateral greatly benefits from thicker real estate markets. No impact is found for service and manufacturing firms. [ABSTRACT FROM AUTHOR]
- Subjects :
- *URBANIZATION
*BANK loans
*POPULATION density
*REAL property
*BUSINESS enterprises
Subjects
Details
- Language :
- English
- ISSN :
- 00224146
- Volume :
- 61
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Journal of Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 151158419
- Full Text :
- https://doi.org/10.1111/jors.12525