The determinants of credit restrictions and their impact on micro firms: the case of Colombia
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 re...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | Inglés |
| Published: |
Emerald Publishing Limited
2024
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/173671 |
| _version_ | 1855527557526454272 |
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| author | Mora, Jhon James Espada Castro, Andres David |
| author_browse | Espada Castro, Andres David Mora, Jhon James |
| author_facet | Mora, Jhon James Espada Castro, Andres David |
| author_sort | Mora, Jhon James |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | 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. |
| format | Journal Article |
| id | CGSpace173671 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Emerald Publishing Limited |
| publisherStr | Emerald Publishing Limited |
| record_format | dspace |
| spelling | CGSpace1736712025-12-08T10:29:22Z The determinants of credit restrictions and their impact on micro firms: the case of Colombia Mora, Jhon James Espada Castro, Andres David agroforestry 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. 2024-08-13 2025-03-18T06:47:24Z 2025-03-18T06:47:24Z Journal Article https://hdl.handle.net/10568/173671 en Limited Access Emerald Publishing Limited Mora, J.J.; Espada Castro, A.D. (2023) The determinants of credit restrictions and their impact on micro firms: the case of Colombia. Journal of Economic Studies 51(6): p. 1231 - 1246. ISSN: 0144-3585 |
| spellingShingle | agroforestry Mora, Jhon James Espada Castro, Andres David The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title | The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title_full | The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title_fullStr | The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title_full_unstemmed | The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title_short | The determinants of credit restrictions and their impact on micro firms: the case of Colombia |
| title_sort | determinants of credit restrictions and their impact on micro firms the case of colombia |
| topic | agroforestry |
| url | https://hdl.handle.net/10568/173671 |
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