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연구보고서World Bank Policy Research Working Paper 7604

Access to finance and job growth: Firm-level evidence across developing countries

청구기호
WPS 7604
발행사항
Washington, D.C. : World Bank, 2016
형태사항
48 p. :. PDF file ;. 773 KB
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위치등록번호청구기호 / 출력상태반납예정일
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    E0002263
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책 소개
This paper investigates the effect of access to finance on job growth in 50,000 firms across 70 developing countries. Using the introduction of credit bureaus as an exogenous shock to the supply of credit, the paper finds that increased access to finance results in higher employment growth, especially among micro, small, and medium enterprises. The results are robust to using firm fixed effects, industry measures of external finance dependence, and propensity score matching in a complementary panel data set of more than four million firms in 29 developing countries. The findings have implications for policy interventions targeted to produce job growth in micro, small, and medium enterprises.