Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | Democratic development lowers the cost of credit |
| Organization Unit | |
| Authors |
|
| Refereed | No |
| Language |
|
| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2017-02-22 |
| Abstract Text | The positive relationship between democratic development and economic outcomes is well established. Using three decades of international data, this column identifies a new channel for this effect – the cost of credit to corporations. It also analyses loan pricing in Turkey to reveal a substantial rise in the average cost of lending after the attempted coup d’etat in July 2016. Together, these results highlight how efficiency in loan pricing results in a comparative advantage for firms in democratic countries over those in less democratic or authoritarian countries. |
| Free access at | Official URL |
| Official URL | http://voxeu.org/article/democratic-development-lowers-cost-credit |
| Other Identification Number | merlin-id:14630 |
| Export |
BibTeX
EP3 XML (ZORA)
|