Working paper icon

Working paper

A study of the effectiveness of credit subsidies: evidence from a panel of Italian firms

Abstract:

Credit subsidies in targeted industrial sectors or geographical areas are a primary mechanism of industrial and redistributive policy throughout the world. Using a unique panel of bank-firm relationships, we study the impact of interest-rate subsidies on the total amount of borrowing and on the average cost of borrowing for subsidised firms. Even though they seem to promote the rise of new bank firm relationships, subsidies have a relatively small effect on the total amount of borrowing when ...

Expand abstract
Publication status:
Published

Actions


Access Document


Files:
Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2003-03-01
Paper number:
153
Keywords:
Pubs id:
1144283
Local pid:
pubs:1144283
Deposit date:
2020-12-15

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP