Bank credit allocation by sector: causes and effects on economic growth in Haiti

Ricardo Bebczuk (), Agustín Filippo and Máximo Sangiácomo
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Agustín Filippo: BID
Máximo Sangiácomo: BCRA,UNLP

Económica, 2017, vol. 63, 157-185

Abstract: This study assesses the allocation of bank loans across industries in Haiti over the period 2000-2015 and produces fresh evidence supporting the following claims: (1) Credit shares by industry appear to be sticky over time in spite of changing industry-specific conditions and sharp relative price changes; (2) Consistent with the previous finding, econometric exercises confirm that loan portfolio allocations are not governed by recent sector performance, casting doubts about the efficiency of loan portfolios; (3) As a result of intense financial constraints, credit expansion seems to be a major driver of industry growth. Several policy recommendations emerge from the study.

Keywords: Economic growth; banking system; Haiti. (search for similar items in EconPapers)
JEL-codes: O16 O47 (search for similar items in EconPapers)
Date: 2017
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Journal Article: Bank credit allocation by sector: causes and effects on economic growth in Haiti (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:akh:journl:611

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