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

Authors

  • Ricardo Bebczuk
  • Agustín Filippo
  • Máximo Sangiácomo

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.

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Published

2017-12-30

How to Cite

Bebczuk, R., Filippo, A., & Sangiácomo, M. (2017). Bank credit allocation by sector: causes and effects on economic growth in Haiti. Económica, 63, p. 157–185. Retrieved from https://revistas.unlp.edu.ar/Economica/article/view/5073

Issue

Vol. 63 (2017)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.