Financing constraints reduces productivity growth: IMF paper


An International Monetary Fund paper, published on Wednesday, says increases in the cost of financing have a negative effect on total factor productivity growth.

Marcello Estevão and Tiago Severo, the paper's authors, use panel regressions from 31 US and Canadian industries between 1991 and 2007 to investigate how changes in industries' funding costs affect total factor productivity growth. Estevão and Severo say that despite the importance of cyclical variations in total factor productivity

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: