Access to Long Term Debt and Effects on Firms' Performance: Lessons from Ecuador

Fabio Schiantarelli () and Fidel Jaramillo

No 3153, RES Working Papers from Inter-American Development Bank, Research Department

Abstract: This paper documents the maturity structure of firms` debt in Ecuador and discusses how it has been affected by government intervention in credit markets and by financial liberalization. Using firm-level panel data, we then investigate the determinants of access to long-term debt. Finally, we provide evidence on the impact of the maturity structure of debt on firms` performance, in particular on productivity and capital accumulation.

Date: 2002-07
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Persistent link: http://EconPapers.repec.org/RePEc:idb:wpaper:3153

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