Shocks, Financial Dependence, and Efficiency : Evidence From U.S. and Canadian Industries /

The paper investigates how changes in industries' funding costs affect total factor productivity (TFP) growth. Based on panel regressions using 31 U.S. and Canadian industries between 1991 and 2007, and using industries' dependence on external funding as an identification mechanism, we sho...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Estevao, Marcello
Weitere Verfasser: Severo, Tiago
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2011.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2011/199
Online Zugang:Full text available on IMF