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- W3124664667 abstract "Abstract We exploit historically determined variation in local credit markets to identify the impact of bank lending on innovation across Russian firms. We find that deeper credit markets increase firms’ use of bank credit, their adoption of new products and technologies, and their productivity growth. This relationship is more pronounced in industries farther from the technological frontier, more exposed to import competition, and that export more. These impacts are also stronger for firms near historical R&D centers or railways and in regions with supportive institutions. Consistent with these results, credit markets contribute to economic growth in such regions. Authors have furnished a data set, which is available on the Oxford University Press Web site next to the link to the final published paper online." @default.
- W3124664667 created "2021-02-01" @default.
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- W3124664667 date "2019-06-07" @default.
- W3124664667 modified "2023-10-17" @default.
- W3124664667 title "The Limits of Lending? Banks and Technology Adoption across Russia" @default.
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- W3124664667 doi "https://doi.org/10.1093/rfs/hhz060" @default.
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