Bank credit allocation and productivity stylised facts for Portugal
With a dataset covering 95% of total outstanding credit to non-financial corporations recorded in the Portuguese credit register, we investigate whether outstanding loans by resident banks to 64 economic sectors have been granted to the most productive firms. We find evidence of misallocation, which...
| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | workingPaper |
| Language: | eng |
| Published: |
2022
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10400.5/23954 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/23954 |