{"title":"The determinants of credit restrictions and their impact on micro firms: the case of Colombia","authors":"Jhon James Mora, Andres David Espada Castro","doi":"10.1108/jes-08-2023-0403","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>This article analyzes the determinants of credit constraints and their effects on the productivity of micro-firms in Colombia.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>An Endogenous Switching Regression Model (ESRM) is estimated to analyze credit constraint impact on economic performance.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>The results show that owner characteristics such as age and gender decrease the likelihood of being constrained. Firms' characteristics, such as legal status, the formality of the employees, commercial property and savings, are important for reducing credit constraints.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>This article discusses how formal credit restrictions harm the economic performance of Colombia's micro-firms. The results show that the productivity of the micro firms in Colombia could increase, on average, by U$ 825 USD when all types of restrictions are eliminated.</p><!--/ Abstract__block -->","PeriodicalId":47604,"journal":{"name":"JOURNAL OF ECONOMIC STUDIES","volume":"36 4","pages":""},"PeriodicalIF":1.9000,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"JOURNAL OF ECONOMIC STUDIES","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1108/jes-08-2023-0403","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose
This article analyzes the determinants of credit constraints and their effects on the productivity of micro-firms in Colombia.
Design/methodology/approach
An Endogenous Switching Regression Model (ESRM) is estimated to analyze credit constraint impact on economic performance.
Findings
The results show that owner characteristics such as age and gender decrease the likelihood of being constrained. Firms' characteristics, such as legal status, the formality of the employees, commercial property and savings, are important for reducing credit constraints.
Originality/value
This article discusses how formal credit restrictions harm the economic performance of Colombia's micro-firms. The results show that the productivity of the micro firms in Colombia could increase, on average, by U$ 825 USD when all types of restrictions are eliminated.
期刊介绍：
The Journal of Economic Studies publishes high quality research findings and commentary on international developments in economics. The journal maintains a sound balance between economic theory and application at both the micro and the macro levels. Articles on economic issues between individual nations, emerging and evolving trading blocs are particularly welcomed. Contributors are encouraged to spell out the practical implications of their work for economists in government and industry
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
