The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/127193 |
Resumo: | Public credit guarantees attributed to SMEs as a way of boosting credit access have been widely implemented in developed countries. However, literature often focuses on financial additionality. This paper investigates, for Portugal’s case, the impact of these guarantees on the economic outcomes of firms – we study economic additionality. We utilize firm-level data provided by Banco de Portugal and rely on propensity score matching methods to derive causal results. We find evidence that public credit guarantees have incremental effects on credit, employment, total assets, and fixed assets. There is no evidence of effects on total factor productivity, wages, or profitability. |
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The impact of public credit guarantees on the economic outcomes of Smes: evidence from PortugalSmesPublic credit guaranteesEconomic outcomesPropensity score matchingDomínio/Área Científica::Ciências Sociais::Economia e GestãoPublic credit guarantees attributed to SMEs as a way of boosting credit access have been widely implemented in developed countries. However, literature often focuses on financial additionality. This paper investigates, for Portugal’s case, the impact of these guarantees on the economic outcomes of firms – we study economic additionality. We utilize firm-level data provided by Banco de Portugal and rely on propensity score matching methods to derive causal results. We find evidence that public credit guarantees have incremental effects on credit, employment, total assets, and fixed assets. There is no evidence of effects on total factor productivity, wages, or profitability.Gouveia, Ana FontouraSanta, Sílvia FonteRUNSilva, André Filipe Figueiredo Marques2021-11-05T12:01:05Z2021-05-222021-01-042021-05-22T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/127193TID:202770745enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:07:17Zoai:run.unl.pt:10362/127193Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:46:04.393258Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
title |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
spellingShingle |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal Silva, André Filipe Figueiredo Marques Smes Public credit guarantees Economic outcomes Propensity score matching Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
title_full |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
title_fullStr |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
title_full_unstemmed |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
title_sort |
The impact of public credit guarantees on the economic outcomes of Smes: evidence from Portugal |
author |
Silva, André Filipe Figueiredo Marques |
author_facet |
Silva, André Filipe Figueiredo Marques |
author_role |
author |
dc.contributor.none.fl_str_mv |
Gouveia, Ana Fontoura Santa, Sílvia Fonte RUN |
dc.contributor.author.fl_str_mv |
Silva, André Filipe Figueiredo Marques |
dc.subject.por.fl_str_mv |
Smes Public credit guarantees Economic outcomes Propensity score matching Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Smes Public credit guarantees Economic outcomes Propensity score matching Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Public credit guarantees attributed to SMEs as a way of boosting credit access have been widely implemented in developed countries. However, literature often focuses on financial additionality. This paper investigates, for Portugal’s case, the impact of these guarantees on the economic outcomes of firms – we study economic additionality. We utilize firm-level data provided by Banco de Portugal and rely on propensity score matching methods to derive causal results. We find evidence that public credit guarantees have incremental effects on credit, employment, total assets, and fixed assets. There is no evidence of effects on total factor productivity, wages, or profitability. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-11-05T12:01:05Z 2021-05-22 2021-01-04 2021-05-22T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/127193 TID:202770745 |
url |
http://hdl.handle.net/10362/127193 |
identifier_str_mv |
TID:202770745 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799138064552951808 |