The Resource Financial Shocks and TFP L4318Growth, Tiago Severo
Financial Shocks and TFP L4318Growth, Tiago Severo
Resource Information
The item Financial Shocks and TFP L4318Growth, Tiago Severo represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Financial Shocks and TFP L4318Growth, Tiago Severo represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of San Diego Libraries.
This item is available to borrow from 1 library branch.
- Summary
- 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 show that increases in the cost of funds have a statistically significant and economically meaningful negative impact on TFP growth. This finding cannot be explained by either increasing returns to scale or factor hoarding, as results are not sensitive to controlling for industry size and our calculations account for changes in factor utilization. Based on a stylized theoretical model, the estimates suggest that financial shocks distort the allocation of factors across firms even within an industry, reducing its TFP. The decline in productivity growth accounts for a large fraction of the negative impact of funding costs on output
- Language
- eng
- Extent
- 1 online resource (36 pages)
- Isbn
- 9781451962376
- Label
- Financial Shocks and TFP L4318Growth
- Title
- Financial Shocks and TFP L4318Growth
- Statement of responsibility
- Tiago Severo
- Language
- eng
- Summary
- 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 show that increases in the cost of funds have a statistically significant and economically meaningful negative impact on TFP growth. This finding cannot be explained by either increasing returns to scale or factor hoarding, as results are not sensitive to controlling for industry size and our calculations account for changes in factor utilization. Based on a stylized theoretical model, the estimates suggest that financial shocks distort the allocation of factors across firms even within an industry, reducing its TFP. The decline in productivity growth accounts for a large fraction of the negative impact of funding costs on output
- Cataloging source
- LLB
- http://bibfra.me/vocab/lite/collectionName
- IMF eLibrary
- http://library.link/vocab/creatorName
- Severo, Tiago
- Government publication
- international or intergovernmental publication
- Index
- no index present
- LC call number
- HG3881.5.I58 ONLINE
- Literary form
- non fiction
- Nature of contents
- dictionaries
- http://library.link/vocab/relatedWorkOrContributorName
-
- Estevão, Marcello M
- Severo, Tiago
- Series statement
- IMF Working Paper,
- Series volume
- WP/10/23
- http://library.link/vocab/subjectName
-
- Business Cycle
- Corporate Bonds
- Financial Shocks
- TFP
- Canada
- United States
- Label
- Financial Shocks and TFP L4318Growth, Tiago Severo
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- multicolored
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 951628333
- Dimensions
- unknown
- Extent
- 1 online resource (36 pages)
- Form of item
- online
- Isbn
- 9781451962376
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451962376.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2010023
- (IMF)WPIEA2010023
- (OCoLC)951628333
- Label
- Financial Shocks and TFP L4318Growth, Tiago Severo
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Color
- multicolored
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Control code
- 951628333
- Dimensions
- unknown
- Extent
- 1 online resource (36 pages)
- Form of item
- online
- Isbn
- 9781451962376
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.5089/9781451962376.001
- Specific material designation
- remote
- System control number
-
- imfWPIEA2010023
- (IMF)WPIEA2010023
- (OCoLC)951628333
Library Links
Embed
Settings
Select options that apply then copy and paste the RDF/HTML data fragment to include in your application
Embed this data in a secure (HTTPS) page:
Layout options:
Include data citation:
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Financial-Shocks-and-TFP-L4318Growth-Tiago/H1lyIlp5MVs/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Financial-Shocks-and-TFP-L4318Growth-Tiago/H1lyIlp5MVs/">Financial Shocks and TFP L4318Growth, Tiago Severo</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
Note: Adjust the width and height settings defined in the RDF/HTML code fragment to best match your requirements
Preview
Cite Data - Experimental
Data Citation of the Item Financial Shocks and TFP L4318Growth, Tiago Severo
Copy and paste the following RDF/HTML data fragment to cite this resource
<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.sandiego.edu/portal/Financial-Shocks-and-TFP-L4318Growth-Tiago/H1lyIlp5MVs/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.sandiego.edu/portal/Financial-Shocks-and-TFP-L4318Growth-Tiago/H1lyIlp5MVs/">Financial Shocks and TFP L4318Growth, Tiago Severo</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.sandiego.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.sandiego.edu/">University of San Diego Libraries</a></span></span></span></span></div>
